Upper Keys Real Estate Articles

Why It Is A Good Time To Make Islamorada Key FL. Your Home

1. Beautiful Location: Islamorada Key is located in the Florida Keys, a chain of tropical islands known for their stunning beaches, clear blue water, and year-round warm weather. Living in Islamorada Key means you'll have access to some of the most beautiful beaches and outdoor activities in the country.

2. Small-Town Feel: Despite being a popular tourist destination, Islamorada Key has a small-town atmosphere with a tight-knit community. This makes it a great place to live if you're looking for a sense of community and a slower pace of life.

3. Outdoor Activities: There is no shortage of things to do in Islamorada Key. Residents can enjoy a variety of water sports such as snorkeling, scuba diving, fishing, and boating. There are also plenty of opportunities for hiking, biking, and exploring the natural beauty of the Florida Keys.

4. Great for Families: Islamorada Key has a strong school district and a safe, family-friendly atmosphere. The community is welcoming and there are plenty of outdoor activities to keep children active and engaged.

5. Strong Economy: The economy in Islamorada Key is predominantly driven by tourism, but there are also opportunities in industries such as fishing, hospitality, and retail. These industries provide steady job opportunities and a strong local economy.

6. Vibrant Culture: The Florida Keys have a rich and unique culture, influenced by a mix of Caribbean, Hispanic, and American traditions. Islamorada Key hosts several festivals and events throughout the year that celebrate this diverse culture.

7. Access to Big Cities: While Islamorada Key may have a small-town feel, it is still close to larger cities such as Miami and Key West. This provides residents with the opportunity to experience city life while still enjoying the peacefulness of island living.

8. Affordable Housing: Compared to other popular Florida cities, Islamorada Key offers relatively affordable housing options. This, combined with the area's low crime rate and strong community, makes it an attractive place to live for those looking to retire or relocate.

9. Vacation Rental Opportunities: If you're not quite ready to make Islamorada Key your permanent home, you can still invest in a vacation rental property. With the high volume of tourists visiting the Florida Keys, there is a steady demand for vacation rentals, making it a potentially profitable investment.

10. Relaxing Lifestyle: Life in Islamorada Key is all about relaxation and taking in the beautiful surroundings. The laid-back lifestyle, stunning views, and warm weather make it an ideal place to live for those looking to slow down and enjoy life.

Islamorada Real Estate Trends

Home prices continue to rise in Islamorada and the area remains a popular destination for vacation homeowners and investors. Recently, there has been an increase in luxury homes and condos being built, catering to the high-end market. The demand for waterfront properties, with access to the Atlantic Ocean and the Gulf of Mexico, remains strong.

The coronavirus pandemic has had a limited impact on the real estate market in Islamorada, as the area continues to attract buyers seeking a natural and scenic getaway. However, there has been a shift in the type of properties being sold, with an increase in demand for single-family homes with outdoor living spaces and private amenities, such as pools and docks.

The inventory of homes for sale in Islamorada remains low, leading to a competitive and fast-paced market. This trend is expected to continue as more people seek to move to this tropical paradise.

Notably, there has been an increase in demand for vacation rental properties in Islamorada, as travelers look for alternative accommodations to hotels. Investors who purchase rental properties can expect a strong rental market.

Overall, the real estate market in Islamorada is expected to continue its upward trend, with steady demand for properties and rising prices. With its beautiful beaches, world-class fishing, and laid-back island lifestyle, Islamorada will likely remain a top destination for those looking to invest in Florida real estate.

When To Use An Attorney For A Real Estate Closing

1. Complex Transactions: If you are involved in a complex real estate transaction, such as a commercial property purchase, a foreclosure sale, or a short sale, it is advisable to have an attorney guide you through the process. They can review contracts, negotiate terms, and address any legal issues that may arise.

2. Title Issues: If there are any concerns or issues related to the property's title, such as outstanding liens, competing claims, or easements, an attorney can conduct a thorough title search, address any title problems, and ensure that you obtain clear and marketable title to the property.

3. Contract Review: Real estate purchase agreements and related contracts can be complex legal documents. Having an attorney review these documents can help you understand the terms, identify any potential risks or unfavorable clauses, and negotiate better terms if needed.

4. Legal Advice: An attorney can provide valuable legal advice throughout the closing process. Whether it's dealing with contingencies, financing options, tax implications, or zoning regulations, having professional guidance can help you make informed decisions and protect your interests.

5. Disputes and Litigation: In the unfortunate event that a dispute arises during or after the real estate closing, having an attorney is crucial. They can help you navigate negotiations, mediation, or litigation, and represent your best interests in resolving the conflict.

While hiring an attorney for a real estate closing is not mandatory in all situations, their expertise can provide peace of mind and minimize potential risks. It's essential to consult with a local attorney who specializes in real estate law to ensure compliance with specific state and local legal requirements.

Stage Your Home To Sell

Staging your home can greatly increase its appeal to potential buyers and help you sell it faster and potentially at a higher price. Here are some tips to stage your home effectively:

1. Declutter: Remove excessive personal belongings, furniture, and decorations from all rooms. A clutter-free space looks more spacious and allows buyers to envision themselves in the house.

2. Depersonalize: Minimize personal items like family photos, religious artifacts, or unique decorations. This allows buyers to focus on the house itself and avoid distractions.

3. Clean and tidy: Ensure your home is spotless by thoroughly cleaning all areas, including floors, carpets, windows, and appliances. Pay attention to details like grout lines, faucets, and light fixtures.

4. Neutralize colors: Use a neutral color palette on walls, furniture, and decor. Neutral colors create a clean and fresh look, making it easier for buyers to visualize their own style in the space.

5. Rearrange furniture: Optimize furniture placement to create a sense of flow and maximize space. Remove any oversized or outdated furniture and consider rearranging the layout to showcase the best features of each room.

6. Enhance curb appeal: First impressions matter, so make sure the exterior of your home is appealing. Clean the entryway, paint the front door, trim the garden, mow the lawn, and add potted plants or flowers to enhance the curb appeal.

7. Make necessary repairs: Fix any obvious issues like leaky faucets, squeaky doors, or broken tiles. It shows potential buyers that your home has been well-maintained.

8. Let in natural light: Open curtains and blinds to allow natural light to fill the space. Well-lit rooms appear larger and more inviting.

9. Add finishing touches: Use tasteful decor, such as properly scaled artwork, stylish cushions, and fresh flowers, to add warmth and personality to the space.

10. Stage key rooms: Pay extra attention to staging important rooms like the living room, kitchen, and master bedroom. These areas often have the most impact on buyers' decision-making.

Remember, staging is about creating a welcoming and desirable environment that appeals to a wide range of buyers. By following these tips, you can highlight your home's best features and increase its marketability.

Property Upgrades That Pay Off

When it comes to property upgrades, there are several improvements that can potentially increase the value of your home or property. Here are some property upgrades that often pay off:

1. Kitchen Renovation: Upgrading the kitchen is one of the most valuable improvements you can make. Focus on high-quality materials, modern appliances, and functional layouts to attract potential buyers.

2. Bathroom Remodel: Similar to kitchens, updated and well-designed bathrooms are highly sought after. Consider adding energy-efficient fixtures, improving storage space, and enhancing the overall aesthetic appeal.

3. Energy-Efficient Improvements: Energy-efficient upgrades not only reduce utility costs but also appeal to environmentally conscious buyers. Adding insulation, installing energy-efficient windows and doors, and upgrading to LED lighting can be great investments.

4. Curb Appeal Enhancements: First impressions matter, so investing in exterior upgrades can yield a high return on investment. This can include landscaping, exterior painting, replacing the front door, or improving the driveway.

5. Home Automation: Smart home technology is becoming increasingly popular. Installing features such as smart thermostats, security systems, and smart lighting can attract tech-savvy buyers and add value to your property.

6. Additional Living Space: Adding square footage to your property, such as finishing a basement, converting an attic, or building an extension, can significantly increase its value and appeal.

7. Updated Flooring: Upgrading outdated or worn flooring can have a positive impact on the overall look and feel of your property. Hardwood floors, laminate, or tile are popular choices that can attract buyers.

8. Fresh Paint: A fresh coat of paint can transform the look of a property, making it more visually appealing and inviting. Stick to neutral colors that have broad appeal.

9. Improved Storage: Adequate storage space is a desirable feature for homebuyers. Consider adding built-in closets, organizing systems, or extra storage options to maximize the functionality of your property.

10. Renovated Basement or Attic: Making use of underutilized spaces like basements or attics can significantly increase the usable square footage of your property. Renovating these areas can add value and provide additional living or storage space.

Remember, the impact of these upgrades may vary depending on various factors such as location, market conditions, and buyer preferences. It's always a good idea to research and consult with professionals to make informed decisions about property upgrades.

Benefits Of An Experienced And Local Realtor For The Upper Keys

Buying or selling a property is a significant financial decision that requires careful consideration and expert guidance. In the Upper Florida Keys, where the real estate market can be highly competitive and nuanced, partnering with an experienced and local realtor can make a world of difference.

Below, we will explore the numerous benefits of working with a professional realtor when buying or selling property in the Upper Florida Keys.

In-depth Knowledge of the Local Market

One of the primary advantages of enlisting the services of a local realtor is their extensive knowledge of the Upper Florida Keys real estate market. They possess up-to-date information about local trends, property values, and market conditions. Their insights can help you make well-informed decisions and avoid potential pitfalls associated with pricing, negotiations, and market fluctuations.

Expert Negotiation Skills

Experienced realtors possess excellent negotiation skills honed through years of working in the industry. When selling your property, a realtor can help you maximize your profits by strategically pricing and marketing your home. On the other hand, when buying a property, they can negotiate the best possible price and terms on your behalf, leveraging their market expertise and understanding of local property values.

Extensive Network

Established local realtors have an extensive network of contacts that can prove invaluable during the buying or selling process. They have relationships with other real estate professionals, such as appraisers, home inspectors, mortgage brokers, and lawyers, who can assist with various aspects of the transaction. This network can streamline the process and ensure that you have access to trusted professionals at every step.

Access to Exclusive Listings

Local realtors often have access to exclusive listings that may not be widely advertised or available to the general public. By working with a realtor, you gain access to these off-market properties, expanding your options and increasing the chances of finding the perfect property that aligns with your preferences and budget.

Guidance and Expertise

Navigating the complexities of real estate transactions can be overwhelming, especially for first-time buyers or sellers. A reputable realtor provides invaluable guidance throughout the process, ensuring that you understand each step and making you aware of any potential risks or legal considerations. They handle the paperwork, deadlines, and legal formalities, allowing you to focus on other important aspects of your life.

When it comes to buying or selling property in the Upper Florida Keys, enlisting the expertise of an experienced and local realtor offers numerous benefits. Their knowledge of the local market, negotiation skills, extensive network, access to exclusive listings, and guidance all contribute to a successful and stress-free transaction.

This Is a Good Time to Invest in Islamorada Key Real Estate

Islamorada Key is a beautiful and popular destination in the Florida Keys. It is known for its stunning beaches, clear waters, and abundant marine life. The area is also home to a variety of luxury resorts, restaurants, and shops.

In recent years, Islamorada Key real estate has become increasingly popular with investors. This is due to a number of factors, including the area's strong tourism industry, its proximity to Miami and Fort Lauderdale, and its relatively affordable prices.

If you are considering investing in Islamorada Key real estate, there are a few things you should keep in mind. First, the area is prone to hurricanes and other tropical storms. It is important to factor this into your decision when choosing a property. Second, the area is popular with snowbirds, so you may need to be prepared for seasonal fluctuations in the rental market.

Overall, Islamorada Key is a great place to invest in real estate. The area is beautiful, popular, and has a lot to offer investors. If you are looking for a place to invest in real estate that offers both value and potential for appreciation, Islamorada Key is a great option. Here are some of the reasons why now is a good time to invest in Islamorada Key real estate:

  1. The area is experiencing strong population growth. The population of Islamorada Key has increased by over 20% in the past five years. This growth is being driven by a number of factors, including the area's beautiful beaches, clear waters, and abundant marine life.
  2. The area is a popular tourist destination. Islamorada Key is visited by millions of tourists each year. This tourism traffic provides a steady stream of potential renters and buyers for real estate in the area.
  3.  The area is home to a number of luxury resorts. The presence of luxury resorts in the area helps to boost the value of real estate in the area. This is because luxury resorts attract high-income residents and visitors, who are willing to pay more for housing.
  4. The area is relatively affordable. The cost of living in Islamorada Key is lower than in many other parts of the Florida Keys. This makes it an attractive option for investors who are looking for good value.

If you are considering investing in Islamorada Key real estate, I encourage you to do your research and speak with a qualified real estate agent. With careful planning, you can make a wise investment that will provide you with years of enjoyment.

Islamorada Key Lifestyle

Islamorada is a village in the Florida Keys, located about 100 miles south of Miami. It is made up of five islands: Plantation Key, Upper Matecumbe Key, Lower Matecumbe Key, Islamorada Key, and Long Key. The village has a population of about 7,000 people and is a popular tourist destination.

The lifestyle in Islamorada is relaxed and laid-back. The pace of life is slower than in most other parts of Florida, and people are generally friendly and welcoming. The village is surrounded by water, so there are many opportunities for fishing, boating, swimming, and sunbathing. There are also several golf courses, tennis courts, and other recreational facilities in the area.

Most Popular Things to See and Do in Islamorada

Islamorada is a great place to live for people who love the outdoors. There are many opportunities to explore the natural beauty of the Florida Keys, including the Everglades National Park, John Pennekamp Coral Reef State Park, and the Florida Keys National Marine Sanctuary. The village is also home to several art galleries, shops, and restaurants. Here are some of the most popular things to do and see in Islamorada:

  • Scuba diving and snorkeling. The Florida Keys are home to some of the best scuba diving and snorkeling in the world. Islamorada is a great place to start your underwater adventure. There are several dive shops in the village that offer guided tours and rentals.
  • Fishing. Islamorada is a popular destination for fishing enthusiasts. There are many different types of fish to catch in the area, including marlin, sailfish, and tuna. There are also several charter companies that offer fishing trips.
  • Boating. Islamorada is a great place to go boating. There are several different types of boats to rent in the village, including powerboats, sailboats, and kayaks. You can explore the many islands and reefs in the area, or just relax on the water and enjoy the scenery.
  • Hiking. There are several hiking trails in the area that offer stunning views of the ocean and the surrounding islands. The John Pennekamp Coral Reef State Park has a 1.25-mile loop trail that takes you through the mangrove forest and out to the coral reef.
  • Nature watching. Islamorada is a great place to go birdwatching. There are many different types of birds to see in the area, including herons, egrets, and pelicans. You can also see dolphins, manatees, and turtles in the water.
  • Shopping. Islamorada has a variety of shops to choose from, including souvenir shops, art galleries, and boutiques. You can find everything from clothing and jewelry to souvenirs and gifts.
  • Dining. Islamorada has a variety of restaurants to choose from, serving everything from seafood to steak to Italian food. You can find casual dining options as well as fine dining.

Overall, Islamorada is a great place to visit for people who love the outdoors and want to relax and enjoy the beauty of the Florida Keys. There are many things to see and do in the village, and the lifestyle is relaxed and laid-bac

Best Things to Do in Islamorada for Families

Islamorada, Florida is a popular vacation destination that is perfect for families. Known as the "Sportfishing Capital of the World," Islamorada is located in the Florida Keys and offers a wide range of activities and attractions that are perfect for families.

Given its location and geography, there’s plenty to do. So, let’s explore the best things for families to do in Islamorada, Florida, and the best time of year to visit.

  1. Visit the Theater of the Sea: Theater of the Sea is an educational and interactive marine park that offers a variety of activities for families. Visitors can watch animal shows, swim with dolphins, sea lions, and sharks, and even take a guided tour of the park's animal hospital.
  2. Explore the Florida Keys History and Discovery Center: The Florida Keys History and Discovery Center is a museum that offers a unique look at the history and culture of the Florida Keys. Families can explore interactive exhibits, watch informative videos, and learn about the area's diverse ecosystem.
  3.  Go on a Fishing Trip: Islamorada is known for its world-class fishing, and there are plenty of fishing charters available for families to explore. Families can choose from a variety of fishing trips, including reef fishing, backcountry fishing, and offshore fishing.
  4.  Relax on the Beach: Islamorada is home to some of the most beautiful beaches in the world. Families can relax on the sand, swim in the crystal clear waters, and even go snorkeling to see some of the area's diverse marine life.

Last but certainly not least, visit the History of Diving Museum: The History of Diving Museum is a unique museum that offers a look at the history of diving. Families can explore interactive exhibits, watch informative videos, and learn about the equipment and techniques that have been used throughout history.

The Best Time of Year to Visit Islamorada

The best time of year to visit Islamorada is between December and April. During these months, the weather is mild and comfortable, with average temperatures ranging from the mid-60s to the mid-80s. This is also the peak season for tourism, which means that there will be plenty of activities and attractions available for families to enjoy.

If you are looking for a more affordable time to visit, consider traveling between May and November. During these months, the weather is hotter and more humid, with average temperatures ranging from the mid-70s to the mid-90s. However, this is also the off-season for tourism, which means that prices will be lower and crowds will be smaller.

Upper Keys Schools

The Upper Florida Keys is a beautiful and unique area that includes the islands of Key Largo, Islamorada, and Tavernier. But, there’s more to this tropical location than just surf, sand, fun, and sun. It’s also a great place to raise a family. This means it’s good to know a little about the schools in the Upper Keys.

If you are considering relocating to this area with your family, it's important to know about the schools available for your children. Here's a rundown of the schools in the Upper Florida Keys and what families should know before making the move.

Public Schools

The Monroe County School District operates three public schools in the Upper Florida Keys: Key Largo School, Plantation Key School, and Coral Shores High School. Key Largo School and Plantation Key School serve students from pre-kindergarten through eighth grade, while Coral Shores High School serves students in grades 9-12.

Key Largo School is located in the northernmost part of the Upper Keys and is the only school on the island. It has a student population of around 700 and offers a range of programs, including gifted education, STEM education, and music education.

Plantation Key School is located in Tavernier and has a student population of around 800. It offers similar programs to Key Largo School, as well as a dual language program that teaches students in both English and Spanish.

Coral Shores High School is located in Tavernier and has a student population of around 1,000. It offers a range of programs, including Advanced Placement (AP) courses, career and technical education programs, and fine arts programs.

Private Schools

There are also several private schools in the Upper Florida Keys, including Island Christian School, Ocean Studies Charter School, and Treasure Village Montessori. These schools offer smaller class sizes and unique educational approaches that may be appealing to some families.

Island Christian School is a Christian school located in Islamorada that serves students from pre-kindergarten through 12th grade. It has a student population of around 250 and offers a range of programs, including AP courses and a dual enrollment program with Florida Keys Community College.

Ocean Studies Charter School is located in Tavernier and serves students from kindergarten through eighth grade. It has a focus on marine science and offers hands-on learning opportunities, including snorkeling and boating excursions.

Treasure Village Montessori is located in Islamorada and serves students from pre-kindergarten through sixth grade. It follows the Montessori philosophy of education, which emphasizes independent learning and hands-on exploration.

Overall, the schools in the Upper Florida Keys offer a unique educational experience in a beautiful and vibrant area. Whether you choose a public or private school, you can be sure that your children will receive a quality education and have the opportunity to explore the natural wonders of the Keys.

Upper Keys Cost Of Living 2023

The Upper Keys is a popular destination for tourists and retirees alike. However, the cost of living in this area can be quite high when compared to the state of Florida and the national averages. So, let’s just see how it all adds up.

When it comes to food, the average monthly cost for a family of four in the Upper Keys is about $1,000, which is higher than the state average of $800 and the national average of approximately $700. This can be attributed to the higher cost of grocery items and dining out in the area.

Utilities, such as electricity, gas, and water, can also be quite expensive in the Upper Keys. The average monthly cost for a family of four is $250, which is higher than the state average of $200 and the national average of $150.

Transportation costs in the Upper Keys can also be high, with the average monthly cost for a family of four being $500. This is higher than the state average of $400 and the national average of $300. This can be attributed to the need for a car to get around the area and the cost of gas and maintenance.

Healthcare costs in the Upper Keys can also be more than the state and national averages. The average monthly cost for a family of four is $500, which is higher than the state average of $400 and the national average of $300.

Miscellaneous expenses, such as entertainment and clothing, can also be quite high in the Upper Keys. The average monthly cost for a family of four is $300, which is higher than the state average of $200 and the national average of $100. But, this is a bit misleading, given so many activities in the Upper Keys are free (like hiking, swimming, biking, fishing, etc.)

Finally, housing costs in the Upper Keys can be quite costly. The average monthly cost for a family of four is $2,000, which is higher than the state average of $1,500 and the national average of $1,000. This is largely due to the high demand for housing in the area and the limited availability of options.

Overall, the cost of living in the Upper Keys can be higher when compared to the state of Florida and the national averages. Still, the area offers many attractions and amenities, and residents expect to pay a tiny bit more for living in a tropical paradise.

Key Largo Real Estate Forecast 2023

The residential real estate market in Key Largo is currently a buyer's market, with a variety of options available for those looking to purchase a home. Key Largo consists of eleven neighborhoods with over three hundred homes for sale, offering a range of prices and styles to suit different needs and budgets.

The median listing price for a home in Key Largo is $1.2 million, with a median list price per square foot of $723. But, on average, buyers can expect to pay around $701 per square foot for a home in Key Largo, due to its current sale-to-list price environment, potentially netting a 3% discount.

Despite the high prices, the market in Key Largo is currently favorable for buyers. The median selling price of a home in Key Largo is $775,000, which is slightly lower than the median listing price. This indicates that buyers are able to negotiate on price and get a good deal on their purchase.

Additionally, the sale-to-list price ratio in Key Largo is 97.1%, which means that homes are typically selling very close to the listing price. Although this is usually a sign of a balanced market, where buyers and sellers are able to reach an agreement on price without major negotiations, this isn’t the case at the present time.

The median days on the market for homes in Key Largo is 86 days, which is slightly longer than the national average. This suggests that homes in Key Largo may take a bit longer to sell, giving buyers more time to make a decision and potentially negotiate a better price. Another factor is that interest rates are markedly higher than just a few months ago and substantially higher than a year or two ago - causing buyers to be more cautious and spend less.

Plus, persistent inflation is shrinking buyers’ purchasing power. But, the slow pace of new construction and the fact there are so many people relocating to the state are good indicators for the microeconomy and local housing market.

Overall, the residential real estate market in Key Largo is currently a buyer's market, with a variety of options available and a favorable market for those looking to purchase a home. The high prices may be a deterrent for some buyers, but the ability to negotiate on price and the availability of a wide range of options make Key Largo a good place to consider for those looking to invest in real estate or buy their primary home.

Benefits of Home Staging For Sellers

The benefits of home staging for sellers are too good to be ignored. In fact, the advantages of home staging for sellers are so big, they are not worth passing up because they offer so much. So, you might be asking what these advantages are and how sellers benefit from them. Keep reading to find out.

The benefits of home staging for sellers really revolve around two key motivators: selling properties quickly and selling residences for top dollar. But, there are other advantages, including these:

1. Staged homes get more attention. It only takes Meyers 7 to 10 seconds to form an impression of a property. That's not very much time. So, it is extremely important to get people's attention when and where you can. Staging allows people to see a home at its best and staged homes, therefore, get more buyer attention, including more in-person walkthroughs.

2. Staged homes sell faster.  Statistics and market studies have shown time and again that staged homes sell much faster than non-staged houses. One reason for this lies in another statistic, which reveals only one in 10 people can imagine a space in another way than it is presented. In other words, 90% of people can't imagine a space any other way than when they first see it.

3. Staged homes sell for more money. Numerous statistics and Margaret studies also show that staged properties sell for considerably more money than non-stage houses. This is partly due to the fact that staged homes appear move-in ready and that psychological effect translates into selling for more money.

4. Staged homes offer a strong ROI. One of the biggest objections home sellers have about staging their properties is the cost to do so. But, when they look at the statistics and sales records, it is abundantly clear that staging typically pays for itself and brings a little extra on top of that.

5. Staged homes make moving easier. Here's something that a lot of sellers don't even think about when they are considering staging their properties. And, that is the ancillary benefit of making moving easier. Since the majority of their stuff is packed up and ready or discarded, moving is a whole lot simpler than it would be otherwise.

As you can plainly see, there are several worthwhile benefits for sellers to stage their properties when they list their houses for sale and that's why sellers ultimately opt to stage their listings.

Why This Is A Good Time To Invest In Real Estate

Why is this a good time to invest in real estate? This is a question that's often asked and the answer depends on the current situation, including macro and microeconomics, along with local market dynamics. But, ultimately the most convincing reason that now is a good time to invest in real estate is that it's just smart for long-term wealth building. So, read on to learn more about why now is a good time to invest in real estate.

This is a good time to invest in real estate because there's so much opportunity. While there are plenty of people that would say otherwise and reasons not to take action, you really have to ask yourself if not now then when? And, the more you wait, the fewer opportunities you will have. So, let's take a look at why now is such a good time to invest in real estate.

  1. Prices are stabilizing. Even in the hottest markets in the country, prices are stabilizing as the overall real estate environment reaches its plateau. This means that prices will still go up, but at a much slower pace which means that homes are more affordable now than they will be in the future.
  2. Property values continue to outpace inflation. Real estate is always part of a good investor’s portfolio because it does a few things really well. Principal among those benefits is the fact that real estate values outpace inflation and that's a very good thing to have in your favor.
  3. Interest rates are set to incrementally increase. The Federal Reserve has set out its long-term plan to keep bumping up interest rates into the foreseeable future. Even though interest rates are rising and set to go higher, now is a great time to get in before those rates become unaffordable. Besides, it's always possible to refinance and lower that rate in the future.
  4.  Real estate acts as a hedge against the stock market. Diversification is key to building wealth. Savvy investment advisors know this, which is why they put their clients in a variety of investment products. And, real estate has one of the longest and most impressive track records of all investments.
  5. Rent prices will continue to rise steeply without an ROI. Even though home values are on the rise, rental rates are going up much higher and faster. What's more, that money is going to build someone else's wealth while you're throwing it away.

Key Largo Luxury Real Estate

The Key Largo luxury real estate forecast looks like it will deliver some surprises over the coming months, a few of which may or may not be so pleasant. Although, when the buying and selling season arrives next year, the entire dynamics could completely change. However, by examining some previous trends and looking at emerging data, it’s possible to get a lay of the land of what’s ahead for the Key Largo luxury real estate market. So, read on to learn more about it and what you need to know.

The Key Largo luxury real estate forecast is a bit difficult to predict, given the national economic landscape, as well as what's going on in the local microeconomy. Still, we can look at the most important factors in order to gain a sense of what will unfold as the year winds down, along with what could occur in the early part of the new year.

At this time, there are well over three hundred homes for sale in the Key Largo residential real estate market, within eleven distinct neighborhoods. Presently, the median list price for a home in the area stands at $1.2 million dollars, with a medium list price per square foot of $738. Meanwhile, the median selling price is $1 million. Also, the sale-to-list price ratio is very high in the Key Largo residential real estate market, currently standing at 95%, meaning that homes are going for just under 5% of their asking price. However, the area is well within a buyer's market parameters, meaning that there are far more homes available for sale than there are active buyers in the area. This is probably why the median days on the market are so very high in the Key Largo residential real estate market, which currently stands at 88 days for active listings or nearly three months.

Even though the selling and buying season will start up again next year, it might not be enough to bring the market back to parody between buyers and sellers. This is due to a few factors, including persistent inflation, rising interest rates, and other economic factors that dissuade people from entering the real estate market. Also, the sheer number of homes available means that buyers can be a lot more choices, which will further push down overall sales volume in the area.

So, while the real estate market in Key Largo forecast isn't bleak, it probably will not gain a substantial turnaround until things normalize.

Benefits of Investing in Key Largo Real Estate

The benefits of investing in Key Largo real estate are so advantageous that once people hear these reasons, they are strongly compelled to go into this wealth-building process. In fact, there are multiple reasons why it’s so smart to invest in residential real estate in places like Key Largo. So, let’s take a look at why it’s very beneficial to invest in real estate in the Upper Florida Keys.

The benefits of investing in Key Largo real estate might not be all that obvious at first glance, but by knowing a few details, you can make a more informed decision. Here are some of the most compelling reasons to invest in Key Largo real estate:

  1. Strong appreciation. While it is true that all virtual real estate appreciates in value, property that is located in a highly desirable location experiences stronger games. For instance, an average, ordinary three-bedroom, two-bath home in a regular neighborhood isn't worth nearly as much as the same-size property on a beach. Location is a huge factor and Key largo is one of the best places to own real estate.
  2. Tax benefits. One of the most compelling reasons people move to the state of Florida is not just to escape the bitter cold and enjoy the warm weather, it's also less expensive. Plus, there's no state income tax. What's more, it's possible to write off many expenses if you lease it as a vacation rental property.
  3. Income potential. Speaking of vacation rentals, you can earn a very nice passive income by owning real estate in Key Largo since it's such a tourist destination, it's easy to keep it rented out.
  4. Leverage. Yet another reason people invest in residential real estate in the upper Florida Keys is that those properties have substantial value to them. Therefore, they can be used to acquire additional real estate properties and accumulate more wealth.
  5. Legacy and convenience. Owning real estate in Key Largo means that you'll have something to pass on to your heirs. But it also means that you have a dedicated place to enjoy when you want to get away.

As you can see, there are some very good reasons to own residential real estate in Key Largo. So, it's time to take the next step toward purchasing a property of your own and reaping the many benefits - you won't regret it and will be happy with your decision!

Upper Keys Real Estate Forecast

The Upper Keys residential real estate forecast looks promising at this point, mid-year 2022. And, for the foreseeable future, as well. This is one of the most active markets in the Florida Keys and it’s not showing any signs of losing its momentum. (Although, market conditions are cooling this demonstrates the residential real estate market in the Upper Keys isn’t overheating or in a bubble.) So, let’s take a look at the Upper Keys residential real estate forecast for the rest of the year and into the next and what you need to know.

The Upper Keys residential real estate forecast is positive as more and more people continue to relocate to the Sunshine State. Normally, about one thousand people move here a day but that’s bolstered by individuals and families fleeing the northeast, midwest, and west coast of the country. This phenomenon has resulted in an increase in home values, particularly as interest rates begin to creep up incrementally. The latter fact means new mortgage applications will decline, but probably not steeply.

Right now, the residential real estate market in the Upper Florida Keys is enjoying one of its most active periods. At this time, the market is favoring sellers but is not a true seller’s market. (It is actually headed back toward a balanced market, where there’s parity between buyers and sellers.)

Presently, the median listing price stands at $1.2 million, representing an increase of 38.8% in a year-over-year comparison. Meanwhile, the median listing price per square foot is $728, with a sale-to-list price ratio of 96.25%, so homes are selling 3.75% below the asking price. The median days on the market stand at 57 days or just under two months. This figure is likely to increase gradually as interest rates tick up and inventory becomes tighter.

All of these statistics point to a healthy residential real estate market in the Upper Florida Keys. However, there are certain factors that could change the market landscape. This not only includes inflationary pressure along with rising interest rates but the reintroduction of distressed properties or foreclosures and short sales, back into the local market.

Due to the shutdowns 2 years ago, the courts are backed up with legal proceedings involving distressed properties, and if these homes flood the market too quickly, that will have a negative impact on values. However, if these distressed properties slowly trickle back onto the market, that could actually be a good thing.

Islamorada Real Estate

The Islamorada residential real estate forecast is bright and should stay quite active, yet become more affordable over the next several months and most probably, next year. This is due to several factors, including the availability of inventory, the relocation of people from other states in the country, and of course, interest rates and mortgage products. So, let's take a look at the residential real estate market in Islamorada and what to expect over the next few to several months.

The Islamorada residential real estate market is fairly hot right now and is in a seller's market at this time. This means there are more people actively looking for and purchasing properties that are available, which benefits home sellers and makes the home-buying process a bit more difficult. However, this trend is likely to cool over the summer months as it regularly does, especially into the winter.

At this time the median listing price in Islamorada is $1.7 million, which represents a nearly 34% increase in year-over-year prices. Currently, the median list price per square foot is 851, equaling a median selling price of $1.5 million. Of course, this doesn't mean that every house is selling for over a million dollars, as there are several properties about half to a third of that price.

Right now, the sale-to-list price ratio in Islamorada stands at just over 98%, meaning homes are selling for just 1.54% below their listing price. Homes are selling a little bit slower than they had previously, with the median days on the market now just over 3 months, at 92 days.

All of these figures will shift over the next 6 months into the winter season, and likely bring the residential real estate market in Islamorada into a more balanced state, where there is a near parody between inventory and buyers.

One of the biggest factors that may play a role is the availability of distressed properties, or foreclosures and short sales, which have largely been absent from the market since they shut down in the spring of 2020. The reintroduction of distressed properties could tip the balance of the market away from parity toward being an outright buyers' market. Obviously, this won't be a known influence until those types of property emerge in the residential real estate market in Islamorada.

Benefits Of Investing In Islamorada Real Estate

Island life is a dream for many people, and when you add in the benefits of investing in Islamorada real estate, it's easy to see why this location is so popular. The beaches are some of the most beautiful in the world, the weather is perfect all year round, and there are plenty of activities and attractions to keep you busy. But what about the investment side? Is it worth buying property here? In this article, we will explore some of the key reasons why investing in Islamorada real estate can be a smart move for your long-term financial future.

As with any investment, there are always risks involved. But if you're looking for a place to park your money and watch it grow over time, Islamorada is a great option. One of the main reasons why values continue to increase here is because of the limited supply of land. With only so much beachfront property available, demand will always be high, which drives up prices. And as more people discover this little slice of paradise, that demand is only going to increase.

Another reason why investing in Islamorada real estate makes sense is that it's such a desirable location. People are willing to pay premium rent to live in this beautiful setting and enjoy all that it has to offer. And if you're thinking about retirement, there's no better place to do it than here. The job market is strong, so there are plenty of renters who are looking for a place to call home. And the good news is that there are also plenty of baby boomers who are reaching retirement age and downsizing. That means there will be even more demand for rental property in the years to come.

There are also some great tax benefits to owning real estate as an investment. The IRS allows you to deduct a portion of your mortgage interest from your taxes, which can save you a significant amount of money each year. And if you own multiple properties, you can take advantage of special depreciation rules that allow you to write off a portion of the cost of your investment over time.

So if you're looking for a place to invest your money, Islamorada is definitely worth considering. It's a beautiful location with plenty of things to do, and it's a smart long-term investment because values are only going to continue to increase. Contact a local real estate agent today to learn more about what this special place has to offer.

Getting Financed For The Condo You Want

If you're in the market for a condo, you may be wondering how to get financed. The process of obtaining a mortgage for a condo is different from getting one for a single-family home. This is because condos are usually part of larger complexes and are subject to certain restrictions and regulations. In this article, we will discuss the different types of loans available for condos, as well as the factors that lenders look at when considering a loan application. Let's get started!

There are two main types of loans available for condos: conventional loans and FHA loans. Conventional loans are available through banks and credit unions, and they typically have higher interest rates than FHA loans. However, they may be a better option for borrowers with good credit who can afford a larger down payment. FHA loans are insured by the Federal Housing Administration and are available through most lenders. These loans tend to have lower interest rates and may be a good option for borrowers with less-than-perfect credit or who can't afford a large down payment.

When considering a loan application for a condo, lenders will look at several factors. One of the most important is the financial health of the complex itself. This includes looking at the HOA's delinquency rate, any pending legal actions, and any restrictive covenants that may be in place. (You might also have to be vetted by a property owner’s association, in addition to the homeowner’s association.)

Lenders will also look at the insurance requirements of the complex and whether the HOA has approval from the lender to purchase the unit. Lastly, lenders will consider the ratio of owner-occupied units to rental units in the complex. If there are too few owner-occupied units, you’ll find it difficult to obtain financing. Conversely, if the vast majority of units are owner-occupied, financing will be easier to secure.

As you can plainly see, there are many factors to consider and more hurdles to jump in order to get financing for a condo, making the process significantly different than purchasing a single-family home.

If you're considering purchasing a condo, it's important to be aware of the different financing options available to you. Be sure to work with a lender who can help you understand your options and make the best decision for your situation. With a little preparation, you can be on your way to owning the condo of your dreams!

Advantages of Working with a Local Realtor

When it comes time to buy or sell a property, most people turn to a real estate agent. This is a smart decision, as real estate agents have the training and experience necessary to help you through the process. However, not all real estate agents are created equal. If you want to get the biggest advantage possible when buying or selling a property, it is important to work with a local agent. Read on to learn the reasons why.

A local Realtor brings many benefits to buyers and sellers. For instance, intimately knowing the local market. Also, his or her availability on short notice. And, his or her professional network -- inspectors, contractors, interior designers, service providers, property managers, painters, plumbers, electricians, landscapers, and more.

The first reason is that a local agent knows the local market. This is important because the real estate market can vary significantly from one area to another. A local agent will be able to tell you what properties in your area are selling for, which can help you price your own property accurately.

The second reason is that a local agent is usually more available than an out-of-town agent. This means that he or she will be able to answer your questions more quickly and schedule appointments at times that are convenient for you.

The third reason is that a local agent has a professional network of contacts in the area. This includes inspectors, contractors, interior designers, service providers, property managers, painters, plumbers, electricians, landscapers, and more. This network can be extremely helpful when you are trying to get your property ready to sell or are looking for someone to help you with repairs or renovations.

The fourth reason is that a local agent will have a better understanding of the zoning regulations in your area. This is important if you are planning on making any changes to the property, such as adding an addition or putting up a fence.

Lastly, a local Realtor will also know about school zones for families with children. Additionally, colleges and universities are relatively nearby, along with trade schools and more.

If you are thinking about buying or selling a property, make sure to work with a local real estate agent. He or she will be able to offer you all of the advantages listed above, which can make the process much easier and less stressful. Contact a local agent today to get started.

Islamorada Luxury Home Forecast 2022

Looking for a luxurious place to call home? Look no further than Islamorada, Florida! This upscale community is forecasted to experience significant growth in the luxury residential housing market over the next few years. In this blog post, we will take a closer look at the current state of the luxury housing market in Islamorada and provide you with some insights on what to expect in 2022.

The luxury real estate market in Islamorada has been steadily growing over the last few years and is projected to continue doing so. Currently, the median home listing price in Islamorada stands at nearly two million, $1.9 million (a 78.5% year-over-year increase). Presently, the median listing price is $899 per square foot, with a median selling price of $1.2 million.

At this time, there are approximately 140 homes for sale in the area, with just a few for rent. Those sellers should expect to fetch near or at their asking price, as the sale-to-list price ratio in Islamorada is 99.52%.

However, despite the fact the market is delivering high returns for sellers, Islamorada is trending toward a buyers’ market, away from a balanced market. (A balanced residential real estate market is one where there is an approximate equilibrium between the number of houses being offered for sale and the number of buyers who are looking to purchase a home. When supply and demand are in balance, housing prices tend to be stable and moderate. In some markets, however, there may be more sellers than buyers or vice versa, which can lead to volatile price swings.)

Right now, the average listing in the area is selling after 63 days on the market. The median days on the market have decreased since last month and are also less than last year. Values also fluctuate. And, because the moratorium on foreclosure and short sales have been lifted in the Sunshine State, those legal processes can go forward. How these properties are reintroduced to the market will have an impact.

If distressed properties flood the market too quickly, luxury properties and all other residential home prices will be negatively impacted. However, if distressed properties trickle and integrate incrementally, the impact is likely to be minimal.

This key unknown makes it difficult to forecast or predict what will or even could unfold in 2022 for the luxury real estate market in and around Islamorada.

Islamorada Cost Of Living 2022

The cost of living in Islamorada Florida for 2022 is up 2.9% from a year ago, according to the latest data from the US Census Bureau. The median home price in Islamorada is $716,000 and prices of goods and services have risen as well. Transportation costs are up 4%, food prices are up 3% and housing costs have increased by 5% over the past year.

Islamorada is not just an island; it's a village that sits between Miami and Key West on five separate keys -- Tea Table, Lower Matecumbe Keys (with its famous fishing spot), Upper Matecumbe Island or "the Nest," and Windley Key. It’s a favorite spot for tourists and locals alike, due to its location, recreation, and natural beauty.

Islamorada is a picturesque town in the Florida Keys that offers nature's beauty and wildlife at its finest. This village was first established as an incorporated entity on July 1st, 1935 when it separated from Tavernier Key but still maintains close ties.

Islamorada is still a relative bargain compared to other coastal towns in Florida. The cost of living in Miami, for example, is up 11% from a year ago. But if you're looking for an affordable place to live on the water, Islamorada is a great option. Now, using a baseline score of 100 as the national average, any category above is more expensive, while any category below is less expensive. Here’s a breakdown of the cost of living in Islamorada, Florida across six categories:

  1. Transportation. Of all the expense categories, getting around in Islamorada is the least costly, scoring a 78, making it more affordable than the national average.
  2. Utilities. For energy, Islamorada residents pay a little less, with a score of 98, making it more affordable to keep cool during the summer months and for everyday needs, as well.
  3. Miscellaneous. Islamorada breaks its affordability barrier with odds and ends, scoring a 106, making it slightly more expensive than the national average -- but not by very much.
  4. Food and groceries. Eating out at restaurants and cooking at home is also more expensive (because Islamorada is, after all, a collection of islands). The Village of Island earns a score of 115, making it a bit more costly than the national cost.
  5.  Healthcare. Islamorada’s cost of healthcare is more substantial (though regular exercise and a sensible diet will do a lot to keep residents in good shape). Here the cost of healthcare scores 162, making it more expensive.

Unsurprisingly, housing is the most expensive category, earning a score of 261, making it over twice as expensive as the national average.

Islamorada Real Estate Forecast 2022

The Islamorada residential real estate forecast for 2022 looks bright at this time. However, certain factors are not yet fully in play and these could substantially impact its health. But, given the current climate, the residential real estate market in Islamorada should be farewell for the next several months. Although this trajectory could change, if certain elements materialize too quickly and disrupt the landscape. So, read on to learn more about the  Islamorada residential real estate forecast for 2022 and what you need to know.

The Islamorada residential real estate forecast for 2022 appears to be studied thus far, although this could change with the reintroduction of distressed properties, real estate assets that have been absent from the local market for several months.

Currently, Islamorada boasts a $1.1 million median listing price, which comes out to $846 median list price per square foot. Meanwhile, $840,000 is presently the median selling price, making the sale-to-list price ratio 97.11% or 2.89% below the asking price. Additionally, the average DOM stands at 133 days on the market. This data overall places the region in a sellers' market which has become much more favorable since nearly the same time last year, when the median days on the market in November 2020 were closer to 300. However, it is less active than in December 2018 and January 2019 when the days on the market ranged from 64 to 78.

These figures reveal that the residential real estate market in Islamorada is a strong one at this time. But, with the recession of the moratoriums on distressed properties, which include foreclosures and short sales, these figures could change significantly over the next few months. For example, if distressed properties flood the market in a short time, this will dilute the residential market, driving home values down and increasing inventory. But, if these distressed properties are introduced to the market incrementally, the real estate sector will absorb them, meaning they'll have little to no impact on the overall health.

The residential real estate market in Islamorada Florida will likely continue along its current trajectory for the next few months, especially with the influx of new residents both private individuals and corporations fleeing the Northeast and the West Coast for a more tax-friendly and business-friendly environment. With so many people coming into the state and a substantial slowdown in new construction, the residential real estate market in the Islamorada area will more than likely continue to favor sellers and stay very active.

How To Furnish A Rental Home In The Keys

How to furnish a rental home in the Florida Keys isn't entirely about style. Although many people think about furnishing or staging real property in terms of trends, functionality, and livability are two huge factors that must also be accounted for during the process. If these three elements do not exist, the shallowness of style alone will quickly surface and it won't fully serve to its full capacity. So, read on to learn more about how to furnish a Florida Keys rental property.

Furnishing a rental house in the Florida Keys is a bit different than a regular lease property, be a single-family or multi-family. This is because of the location, which is to say the available recreation amenities and the climate and weather. Many people don't consider these things until they are deep into the process and then must reassess their strategy.

When you furnish a rental house in the Keys you must think long-term in order to get as much out of the property as possible. Here are some effective bits of advice on how to best stage a rental property in the Florida Keys:

  1. Style. Consistency is the key. Colors should be light and help to extend the outside Beach seem into the house’s interior. Stay away from dark colors and themes that clash with the subtropical environment.
  2. Functionality. Choose furniture that is multi-use. For instance a sleeper sofa and an ottoman with storage inside. The furniture should have more than one use, this way it provides an array of functions for different situations while taking up less space.
  3. Livability. Speaking of less space, livability is something that many property owners don't take into consideration. This is a very simple principle of traffic flow. (This not only helps to visually define a space but makes it easy to maneuver.) Put another way, don't arrange the furniture in an obstacle course fashion, but in places that make it easy to move from one room to another.
  4.  Flexibility. This could also be called changeability. Remember plasma televisions and curved TVs? These quickly came into style and went out just as fast. There are many other examples but the idea behind this strategy is that you can quickly change something in order to keep the please looking up to date and in style with current trends.

By following these simple strategies, you can furnish a Florida Keys rental home to look and perform at its best.

When To Use A Real Estate Attorney In A Closing

When to use a real estate attorney for a closing? It’s a question many people ask but don’t really know how to answer or where to obtain the right information. That’s okay, most of the public doesn’t routinely deal with these situations, so take a few moments to read on to learn more about when to use a real estate attorney for closing.

When to use a real estate lawyer in a closing depends on the circumstances. (Actually, any real property transaction can and should be handled by a real estate attorney. But, there are times when it is imperative.) But first, let's explain what closing actually is and what you need to know.

A closing, which is legally known as a settlement, is the process of transferring legal ownership of real property, be it improved or unimproved, from one party to another. This process not only includes the transference of funds for the sale, but also a title search, any applicable taxes, and many other line items. Because this process is so complex and has many legal repercussions, this is why it's always best to close with a real estate lawyer. Although, there are times when it should be considered an absolute necessity, like the following:

  1. When purchasing a luxury property. It's not only about the expensive purchase price that comes with buying a luxury home, but also includes other factors. Since these homes are substantially more costly, all warranties, deeds, and other documents should be carefully reviewed in order to protect both the buyer and the seller.
  2. When building a new construction home. Too many people run into too many unexpected problems when it comes to new construction. This is due to the fact that the people building the house and the contractor have different schedules, expectations, and more. New construction is not only costly but very cumbersome in its details. This means there are many factors that will come into play, including the timeline, the materials, construction materials and finishes, and the overall management of the process.
  3. When there’s a large estate involved. If there's a large estate involved, particularly one with more than one improvement and or one that includes a business, it's best to have a real estate lawyer go over all the details to ensure that there are no legal issues with the property.
  4. When there are known or suspected title issues. Even though most people buy residential homes using a title agency, if any legal issues arise, there will be a need for a real estate lawyer anyway. So, if there are any known title problems or suspected issues with the title, it's best to let an attorney handle the transaction.
  5.  When there are heirs selling an inherited property. Inherited properties with more than one beneficiary will be complex transactions. Because there are additional parties involved in the sale, it's smart to have a real estate attorney handle the closing.

Why Keys Luxury Homes Are The Best Investment

Why are Florida Keys luxury homes such a good investment? Aside from being high-end real estate assets, the location is the single best answer. Investing in real property actually means investing in its location, particularly the immediate surroundings. In other words, just because a luxury residence is built in a highly desired destination location, doesn't mean that it's necessarily a good candidate for a strong return on investment. Read on to learn more about why luxury homes in the Florida Keys can make some of the best-performing investments.

Florida Keys luxury properties generally do make wonderful investment opportunities. As mentioned, this largely has more to do with the location than the actual home itself. In other words, just because a house is located in the tropical paradise that is the Florida Keys, doesn't make it a luxury residence. By the same token, even a high-end home in a not-so-good location in the island chain will also not perform well as a short-term or long-term investment.

Why luxury homes in the Florida Keys are good investments due to the following factors:

  1. They are really well-built. Not only should the materials be high-end, along with the fixtures and appliances, and amenities, but the construction itself also ought to be superior. This means the home is built to the most recent construction standards or modified to comply with those latest code requirements.
  2. They are in a prime location. What most people who haven't lived or visited the Keys often don't know is there are relatively few luxury communities here. Sure, it's ostensibly a tropical island paradise, but as with any location around the country, there are neighborhoods that are much more desirable than others. This means avoiding buying luxury property in a non-luxury community.
  3. They are well-appointed for comfort and function. Yet another couple of factors that come into play that make luxury homes in the Keys a good investment is they are not only easily livable but also are equipped to function in adverse conditions. For instance, being fitted with an emergency generator to keep power flowing during inclement weather conditions.

Last but certainly not least, what makes luxury properties in the Florida Keys such good investments is they are relatively easily accessible. Although having a private retreat is very nice, if it poses too many accessibility challenges, it won't be as good an investment.

Upper Keys Arts and Culture

Upper Keys arts and culture have much to offer. So much, there’s practically something unique for everyone. Plus, the Upper Keys have all kinds of entertainment, including live shows, and a whole lot more. Here, visitors and residents alike can enjoy works from local artists, regional talents, and even national and international artists. Additionally, the area boasts some of the most awesome and breathtaking natural beauty in the world. So, read on to learn more about the arts and culture available in the Upper Florida Keys.

About the Upper Keys in Florida

The Upper Keys in Florida are the northernmost portion of the island archipelago that stretches from the tip of the peninsula down between the Atlantic Ocean and the Gulf of Mexico. The Florida Keys are actually “separated” into three groups: the Upper Keys, the Middle Keys, and the Lower Keys. Perhaps the most well-known in the Upper Keys is Key Largo, which boasts relatively close proximity to Miami and the mainland.

Also included in the Upper Florida Keys are the islands of Tavernier, Plantation Key, Windley Key, Islamorada, Upper Matecumbe Key, Lignumvitae Key, and Lower Matecumbe Key. Altogether, there are approximately eight distinct communities in the Upper Keys and this is where visitors and residents both can enjoy a nice variety of arts and culture.

When people think about the Upper Keys, they probably think of outdoor recreational activities, such as fishing, scuba diving, snorkeling, paddleboarding, hiking, sailing, deep-water boating, sightseeing, and more. (Plus, some spectacular sunrises and sunsets to boot.)

Now, onto the arts and culture in and around the Upper Keys. One such destination is the Gallery at Kona Kai in Key Largo. Meanwhile, over in Morada Bay, there’s also a gallery to see. Then, in Islamorada, arts and culture lovers can visit the Redbone Art Gallery, as well as the Stacie Krupa Studio Gallery of Art and Village.

As for natural experiences, there’s Dagny Johnson Key Largo Hammock Botanical State Park, which is well worth an afternoon. Plus, the John Pennekamp Coral Reef State Park, stretches over 53,000 acres.

Also, arts and culture enthusiasts will definitely want to visit the Key Largo Art Gallery and the Morada Way Arts and Cultural District. But, that certainly isn’t all. Take some time to go to the Rain Barrel Village and Old Road Gallery.

As you can plainly see, there’s no shortage of arts and culture destinations and experiences in the Upper Florida Keys.

6 Expert Tips To Help You Buy A Luxury Home

There are at least six expert tips to help you buy a luxury home. Although there are more than just half a dozen contained herein, these are definitely the most important things. When you enter the market to buy a luxury property, you're in a different world of residential real estate than just a regular house. This is due to the fact that luxury homes often offer many more things, such as high-end finishes, modern conveniences, amenities, as well as a highly desirable location. So read on to learn more about what you need to know about buying a luxury home.

The best tips to help you buy a luxury home revolve around location, condition, amenities, layout, modernity, and conveniences. Well at least a few of these are self-explanatory on their face, others need more explanation in order to be truly understood. For instance, everyone knows that location is by far the most important factor in residential real estate. An ordinary home in an ordinary neighborhood will not be as valuable as that same exact home in a highly desirable destination spot, such as a mountain or a beach. There are still more factors that go into buying a luxury property, such as the following:

  1.  Location. This is so important that it definitely tops the list. A home that is in an upscale neighborhood, even if smaller than its neighboring properties, will be far more valuable and gain greater appreciation if the location is right. In other words, a small development of luxury properties that are surrounded by an undesirable area simply will not gain the appreciation that a well-established, luxury neighborhood, with upscale surroundings, will.
  2. Condition. Even luxury homes have problems. Just like any other property, age will most definitely play a role. But, even new construction can have its own issues. People in the market to buy a luxury house should most definitely have the properties inspected in order to determine if there are any existing or potential problems.
  3.  Amenities. Obviously, when someone thinks of a luxury house, they think about its amenities. This could be something like a media room, pool, outdoor kitchen, or other types of amenities. A luxury house that is short on amenities will be more difficult to resell because it lacks some of the perks of comparable properties nearby.
  4. Layout. Usually, the layout of a house does not affect its Market value. However, there are times when the layout is simply too strange or awkward and this can't be ignored, even if the house has everything else.
  5. Modernity. A luxury home that offers modern conveniences and technology will hold its value and offer more in the way of function than similar houses that do not.
  6. Conveniences. A luxury home also ought to offer certain conveniences, such as its proximity to destinations like airports, dining, shopping, and recreational activities.

The 1031 Tax Exchange Explained

The 1031 tax exchange for real property is part of the IRS code that allows owners to sell said properties without incurring capital gains expenses. Basically, it lets property owners defer their taxable gains on the sale of a property by purchasing a similar one. Of course, there are rules to this, but if followed, can be very advantageous. Read on to learn more about the 1031 tax exchange for real estate and what it is about.

The 1031 tax exchange is a provision of the Internal Revenue Service, which gives property owners the option to defer their tax obligation when selling a piece of real property. It is calculated on a simple formula, which consists of the property's present value, and what it was worth when first purchased.

A simple example would be purchasing a residential house as a rental property for $200,000. About 5 years later, that property has appreciated considerably and is now worth $300,000. So, the gain on this property would be $100,000, and that would be considered a profit to be taxed at the current capital gains rate. If that rate of the capital gains tax is at 15%, that means the investor would have to pay $15,000 to the IRS after selling the house.

However, this tax burden can be deferred by taking advantage of the 1031 exchange rule in the tax code. In order to do so, the property owner can sell one property and buy a similar piece of real estate, thus allowing the money from the sale of the transaction to pass into the purchase of another. Of course, there are stipulations that must be met in order to benefit from the 1031 tax rule. The property that is purchased after the sale of another must be similar in nature. In other words, it's not possible to buy a residential home, refurbish it, rent it out for several years, then sell it, and buy a piece of commercial retail property under the 1031 tax rule. Instead, the property owner of the residential rental would have to purchase another residential house that is similar in order for it to comply with the 1031 tax exchange rules.

In order to take advantage of the 1031 tax exchange, property owners should speak with an experienced and licensed tax professional in order to understand all of the implications and restrictions governing this option.

Islamorada Recreation

Islamorada recreation is a delightful combination of surf and turf, Sand and Sea, and offers so much to see and do, there's something for everyone. Known as the sportfishing capital of the world, Islamorada not only offers some of the best fishing but other water-based adventures. Fortunately, that's not by any means all. Islamorada also has a lot to see and do for land lovers of all ages. So, read on to learn more about Islamorada recreation and the many things to see and do in and around the area.

Islamorada recreation is probably most well-known for its abundance of fishing opportunities. However, there is far more to experience here, and throughout the Florida Keys. Also known as the village of islands, Islamorada is actually composed of several keys that make up one sizable community. Here, both residents and visitors alike can enjoy plenty of things to see and do both indoors and outdoors, like the following:

  1.  Fishing. Since this community is best known for this particular activity, it's a great place to start. Whether you're an experienced angler or just an amateur, you'll find many species of fish here. From swordfish to sailfish, and other types of sports fish, Islamorada boasts one of the richest varieties in the Florida Keys.
  2. Voting. For people who like to experience the water but don't particularly care for fishing, power boating, and sailing are great alternatives and are a fantastic ways to spend a day relaxing on the waves.
  3. Aquatic recreation. There are also plenty of other things to do on the water, including scuba diving, snorkeling, paddle boring, kayaking, canoeing, and just waiting through the shallows in the sand.
  4.  Sure activities. For people who prefer to stain on land, there's also plenty to do, including hiking, camping, biking, and strolling through the little villages that populate the Florida Keys.
  5. Arts, culture, and live entertainment. Of course, the island archipelago is also quite well-known for its party lifestyle. Islamorada is no exception, with the plumbing of live entertainment to enjoy and, there are several art galleries, museums, and other cultural destinations to visit throughout the Florida Keys. (It only takes about 2 hours to drive from the far north to the far south of the island chain.)

As you can plainly see, there is plenty to do in and around Islamorada, for both full-time residents, part-time residents, and visitors as well. So, come and experience the many recreational opportunities that Islamorada has to offer.

Pros And Cons Of Using A National Home Lender

The pros and cons of using a national home lender should be known well before applying for a mortgage. This is not only due to the variety of products, availability of interest rates, and borrowing options, but for several other reasons as well. Purchasing a home is obviously a huge financial responsibility, so you want to start out by making good choices right from the beginning. Read on to learn more about the advantages and disadvantages of using a national mortgage lender.

National mortgage lenders aren't just big banks, although those are definitely included. There are also several Home lenders across the country that do not offer traditional banking services. So, these benefits and downsides apply to both national banks, as well as countrywide mortgage lenders.

Pros of Using a National Home Lender

There are a few compelling reasons to go with a national home lender. First and foremost is ubiquity. This means, there are many locations to serve borrowers. But, that's not all. Here are a few more benefits of using a national home loan provider:

  1. Known reputation. Whether it's a national bank or mortgage lender or broker, because of the organization's sheer size, they most likely have a consensus reputation among borrowers. That makes it easy to see how they handle their business in relation to their customer service practices.
  2. Several locations. We've mentioned locations, but only in absolute numbers. Another advantage of having many locations is the fact that there can be offices that are very in tune with the local real estate market. This means that if you're moving from one County to another, you can deal with a local office in the county into which you're relocating.
  3. More lending options. Generally speaking, national lenders, be they banks or mortgage lenders, will have more options for borrowing, and that's often a very good thing for consumers.

As you can see, there are some very good reasons to seek a mortgage with a national lender. However, this doesn't mean a national chain is always the best choice.

Cons of Using a National Home Lender

Like anything else in life, where there are upsides, there are also downsides. Here are the most common disadvantages of using a national home lender:

  1. Personal service limitations. You might not deal with the same person, and it's also possible you'll go through the process of spending a lot of time on the phone.
  2. Fewer customization options. Wow, there might be several product choices, and there could be limitations in customizations.
  3. Length of time to process mortgages. Another possible issue is the time to process the paperwork. This may or may not be problematic, depending on the competency and efficiency of the institution.

Upper Keys Luxury Home Forecast 2021

The Upper Keys luxury home forecast in 2021 should continue mostly on its current path. Presently, the residential real estate market in the Upper Florida Keys is primarily a balanced market, with near parity between sellers and buyers. (Although, there are pockets where it’s a sellers’ market and others where buyers are favored.) As for the rest of the year, home prices will probably continue to rise, though incrementally. Read on to learn more about the residential luxury home market in the Upper Keys for 2021.

The Upper Keys luxury home forecast for 2021 is a bit tricky, given the disruption in the economy due to the outbreak of the global pandemic and subsequent shutdowns and restrictions. However, there is some data that can be used to point to what might unfold in the Upper Keys luxury residential market in the coming months.

At this time, the average home value is $671,000. But, the median listing price in the Upper Keys (particularly in Key Largo), stands at approximately $599,000. Meanwhile, the median listing price per square foot stands at about $503, with a median selling price of right around $526,500. The median listing price represents an increase of 8.9% in a year-over-year comparison. Also, the sales-to-list price ratio is at 96.22%, with just 3.78% selling for under their asking price.

Presently, the median days on the market or number of days on the market in the Upper Keys is approximately 96 days. Analyzing the inventory, along with active buyers reveals the Upper Keys are mostly balanced, slightly favoring sellers over buyers. (A balanced market is when there is practically parity between the number of qualified, active buyers and available inventory that can be depleted within the next few to six months without any new inventory coming onto the market during that time period.)

Over the past six years, the real estate market in the Upper Keys has enjoyed an increase in home values. Property values have risen from approximately $520,000 in 2015 to $628 in late 2019. And, then to their present value, which is currently about $671,000.

All of these figures point to a healthy market and one that will continue to increase home values. However, since there’s been a long moratorium on foreclosures and short sales, there are too few distressed properties to measure. The absence of distressed properties makes it difficult to render a reliable forecast for the rest of the year.

Investment Advantages of Keys Waterfront Homes

The investment advantages of Keys waterfront homes are quite numerous. In fact, there are several benefits of owning real property in the Florida Keys on the water. But, it’s best to focus on the top advantages rather than looking at every possible benefit. First and foremost is the fact that waterfront properties outperform their land-locked counterparts. Then, there’s the matter of overall location, being in a tropical island paradise. So, read on to learn more about the biggest benefits of investing in waterfront residences in the Florida Keys.

The investment advantages of Keys waterfront homes start with the location. (The old cliche or adage most definitely holds true -- that is, real estate is all about three things: location, location, location. The reason behind this logic is it plays out, in reality, all the time, without exception. For instance, take an ordinary three-bedroom, two-bathroom house and place it on a beach. It would instantly be worth a whole lot more. But, that’s not the only benefit to investing in Keys waterfront homes, there are more:

  1. High property appreciation. The very fact that a house is on the water means it will have more value and gain higher levels of appreciation over the time it is owned. In just five years, the worth of the property will substantially increase, and even more so after ten years.
  2. Relatively low property taxes. If you own waterfront property in the Florida Keys and it serves as your primary residence, you can take advantage of the homestead exemption in order to reduce your overall expenses.
  3.  No state income tax. If you’re a Florida and you own waterfront property in the Keys, you can lease it out as a vacation rental for premium rates. Best of all, you don’t have to pay state income tax on that revenue stream.
  4.  Leverage for future acquisitions. Owning a waterfront property in the Florida Keys means having a substantial asset that can be used to purchase more real estate in order to expand your real property portfolio.

Last but not least, you can always use it for your own relaxation and entertainment. That’s right, it can serve as a home away from home or dedicated vacation property to visit whenever you’d like to get away. That will save you a lot of money -- and even quite a bit of time -- because you don’t have to pay for lodging.

Islamorada Luxury Home Forecast 2021

The Islamorada luxury home forecast for 2021 is one that’s expected to enjoy a strong performance over the course of the year. One that’s even stronger than the previous twelve months. Being one of the most popular destination spots in the island archipelago, Islamorada is actually a collection of Keys that’s known as the Sport Fishing Capital of the World. Read on to learn more about the luxury home forecast for 2021.

The Islamorada luxury home forecast for 2021 is now believed to gain a lot of value in higher-end residences. At this time, the average home value in the area is about $792,200+ and this is forecast to rise by 7% over the next twelve months, bringing it up to $847,654. This is after experiencing a much more moderate gain of 1.4% in 2020.

It also represents a larger trend that dates back to approximately six years ago. For instance, at the end of 2015 and the beginning of 2016, the average house value in and around Islamorada was right around $577,000. Today, that figure is right around 27% higher, which is very good news for long-term homeowners and those holding real property assets over the course of the past half-decade.

As for 2021, luxury real estate in Islamorada should enjoy a great performance. This is particularly good news for homeowners who will experience substantial gains in equity. It’s also good news for sellers who put their properties on the market in the next few months. Property investors with stakes in assets will likewise benefit. Buyers who jump right into the market will probably also benefit from near historically low-interest rates and cheaper home prices.

However, one key factor which isn’t affecting the market at this time could have a huge impact on real estate prices at some point during 2021. This is the near absence of distressed properties, which include foreclosures and short sales. Since the pandemic triggered moratoriums on foreclosures and evictions, the resumption of such actions might cause a significant downturn.

A scenario of a flood of distressed properties -- not only in Islamorada and the Keys but throughout the state -- could happen. That will send the real estate market into a set of uncertain circumstances and will probably put downward pressure on all real property. Though, at this time, the luxury home market in real estate in Islamorada looks healthy going into 2021.

Islamorada Real Estate Forecast 2021

The Islamorada residential real estate forecast is one that’s predicted to be a bright one for homeowners and sellers alike but might present some obstacles for buyers. Right now, home values are at a high, when measured from the late fall of last year. Read on to learn more about the Islamorada real estate forecast for 2021 and what to likely expect.

The Islamorada residential real estate forecast is currently projected to realize a substantial hike over the course of the next twelve months. At this time, the average home value in the Islamorada area stands at approximately $792,200+ which represents an increase of 1.4% from this time last year. Presently, industry experts and economists alike believe that the upward trend will continue, but at a much higher pace. They forecast a rise of just over 7% over the next twelve months, right through the end of next year.

This is obviously good news for homeowners, who will enjoy a significant increase in their home values and equity. It’s also good news for sellers who can cash in on the rising values. Conversely, buyers will be somewhat disadvantaged by the rise in values. So, it’s imperative that buyers jump in while rates are near historic lows and prices remain more affordable.

With an increase in real estate prices comes the opportunity to sell for a better return on investment. It also represents an opportunity for developers and home builders, who can take advantage of trends. It also means there’s likely to be a continuation of the lack of distressed properties, which include foreclosures and short sales.

Over the course of the past few years, there’s been a steady upward trend in Islamorada residential real estate. At the end of 2015 and the beginning of 2016, the average home value stood at about $577,000 in the area. Today, that’s up to around $792,000. If the predictions come to fruition, the average market value of homes in the Islamorada area will increase to approximately $847,400+ by the end of next year.

Such trends help to heal the many years of uncertainty that first started in earnest in 2008. Though that period of upheaval ended nearly a decade ago, it had a long-lasting impact on real property in luxury destinations, such as the Florida Keys. Similarly, other islands in the chain are also expected to experience a rise in home values.

Top Reasons To Buy a Home in Islamorada

The top reasons to buy a home in Islamorada include more than just living in a tropical paradise. (Even more than the warm, wonderful weather.) In fact, there are several factors that make it the best location for a primary residence or a second home, or even for a vacation rental. No matter why you want to purchase a home in the Florida Keys, Islamorada is one of the best choices. Read on to learn more.

The top reasons to buy a home in Islamorada make the point or proposition all the more enticing. (As if you need more of a reason than just the ability to live in a tropical island setting every day of the year.) When it comes to choosing a home in the right place and for the best return on investment, Islamorada has it all and plenty more. Here are the biggest benefits of owning a home in Islamorada:

  1. The weather. We'll start with the obvious. The weather down here is delightful almost every day of the year. Even during the warm and balmy summers, there's a constant breeze blowing across from the Gulf of Mexico and/or the Atlantic Ocean. Better still, there is no winter here and spring and fall are simply gorgeous seasons.
  2. Leisure activities. No matter what your guilty pleasure is or your preferred exercise, it's all here in Islamorada. Bike, fish, kayak, paddleboard, scuba, snorkel, swim, hike, run, stroll the beach, do volleyball, do yoga, and do just about anything else under the sun. Speaking of under the sun, it's possible to get out and enjoy the outdoors almost every single day of the year.
  3. Financial benefits. it's not all just about the weather and activity, there are also financial incentives. First and foremost, there is no state income tax in Florida. Add to it a homestead exemption and asset protection laws, and you can quickly see why so many people choose to live in the Sunshine State.
  4. Tropical, island living. That means no big city stress. No traffic congestion. Life here is quite leisurely, with the quintessential island pace. You can enjoy daily routines without the pollution, noise, and other frustrations that are found in urban centers.
  5. Ability to rent for premium rates. Here's another big benefit -- the ability to rent your property at a premium rate when you're not using it. Take advantage of the fact that this is a vacation destination and earn a worthwhile passive income.

What You Need To Know About Refinancing Your Home

What you need to know about refinancing your home has more to do with the big picture rather than the minutiae. In fact, it’s the overall process people fail to understand in the first place. This is due to several reasons, one of the most common of which has to do with a very popular and pervasive misconception. So, read on to learn more about what you need to know about refinancing your home and what to expect.

What you need to know about refinancing your home is a basic understanding of the actual, underlying product. That is to say, refinancing is not redoing or rearranging an existing mortgage. Instead, it is taking out an entirely new loan to replace the existing one. This means, you aren't renegotiating the terms of your current mortgage, but rather, you are applying for and receiving an entirely new debt instrument, more commonly known as a mortgage.

So, as you might guess, this means you're basically buying your house all over again. However, there's a lot of good news that comes with refinancing compared to the first-time purchase of the property you reside in now. Perhaps the most obvious is the fact that you don't have to search for weeks, or months, for the right property. Because you already live in the home, you know it and the neighborhood well, so that takes a lot of the guesswork you encountered out of the equation.

Another good bit of news is there's no negotiating with a seller or having to deal with an earnest money deposit or all those inspections. If you recall, when you bought the house, you had to hand over a good faith deposit, go through at least one to three different inspections, and also had to negotiate with the seller over various items, including the purchase price. Fortunately, this time around, none of that will be a concern.

Now, here's where the similarities begin. because it is a new mortgage, you must still qualify for the loan. This means you'll go through the usual credit review process. Also, you may or may not need to bring money to the table for closing costs. Those expenses can usually be rolled into the loan, saving you thousands of dollars out of pocket. Of course, in order to ascertain the amount you can borrow through the refinance, the property will need to be appraised.

As you can clearly see, there are several things that are entirely different when refinancing, as well as some similarities between refinancing and buying a house for the first time.

Health Advantages of Living in the Upper Keys

The health advantages of living in the Upper Keys are probably more numerous than you think. In fact, there are a plethora of benefits when it comes to health that the Upper Florida Keys offer. You'd probably be surprised by some, though not all of them. These range from location to climate and weather, to lifestyle, and many in between. While there are several reasons that people choose to live in the Upper Florida Keys, among them is a more healthy way of living. So, read on to learn about the top health benefits of residing in the Upper Keys.

When someone thinks about the health benefits of living in the Florida Keys, they probably think most about all the outdoor recreational activities. And, this is certainly one aspect that's at the top of the list. However, there are other health advantages to living in the Upper Florida Keys, such as these:

  1. It's island living. The island lifestyle is far more laid back than even the suburbs in landlocked areas. Here in the Upper keys, things move slowly because there's no big-city environment. That means no heavy traffic congestion, noise pollution, unsightly construction, and all the other busy elements of a big city. Instead, it's serene waters, swaying palm trees, warm weather, and a very casual attitude. Hence, no big city stress.
  2. Recreation. Yes, there is a multitude of things to see and do in the Upper Florida Keys. Here, you can do lots of things to keep you active, like golf, tennis, fishing, sailing, scuba, snorkeling, kayaking, paddle boarding, hiking, biking, and much more. You can even enjoy relaxing sunrise and/or sunset strolls, just about every day of the year.
  3.  Weather and climate. Because of their location, the Upper Florida Keys boasts a subtropical tropical climate. That means summers are warm and balmy, spring and fall seasons are nothing short of spectacular, and winters are pretty much non-existent. Because of this, people aren't shut in for days or weeks due to snow and ice conditions. In fact, most residents of the Upper keys maintain their outdoor recreational lifestyle practically all year long. That means there are no winter blues or what's clinically known as a seasonal affective disorder.

As you can clearly see, there are some very tangible health benefits to living in the Upper Florida Keys -- you've simply got to experience them for yourself to believe just how great they truly are.

Upper Keys Florida Condo Forecast 2020

The Upper Keys condo market forecast for 2020 and into next year, 2021, will likely experience a shift from its current conditions. Right now, most of the Upper Keys -- most notably the Key Largo market -- are in an active or an outright sellers’ market. However, real estate professionals and economists alike believe that this will slow to a more balanced market between buyers and sellers by next year. Read on to learn more about the Upper Keys condo market forecast for 2020 and into 2021.

Right now, the Upper Keys condo market is fairly hot. Overall, the market can be tracked best by way of Key Largo, one of the most desirable locations in the island chain. At this time, the median home value in the area, including condo units, stands at $635,849. That represents a 0.8 percent dip from the previous year, which helps to keep real estate prices a bit more in check.

Presently, real estate industry professionals and economists predict that over the course of the next year, home values will fall further, by 3.4 percent. While this isn’t necessarily good news for homeowners, it is for buyers and sellers. This, is because it stops the rise of real estate prices for buyers to get into the market. And, for sellers, because they have more buyers actively looking to purchase. (It can also help protect investors from getting into a bubble.)

Currently, the median list price per square foot in the Uppers Keys -- particularly in Key Largo -- stands at $557, which is more than the larger metropolitan area. Also, the median listing price in the area is $899,000. However, the median selling price is approximately $562,500. As for rentals, the median lease rate is about $2,650, which is actually lower than the metro area of $3,200.

Meanwhile, there are too few distressed properties in the Upper Keys area to statistically measure. This, is compared to the national average of about 1.1 percent. So, there are very few foreclosures and short sales available on the market or coming onto the market in the short term. Although, the number of homeowners in the Upper Keys underwater on their mortgages stands at 6.3 percent. (Meaning, they owe more on their home loans than their properties are worth.)

Of course, these predictions are predicated on past and current events, which means the market might or might not follow the forecasts.

What to Expect at a Home Closing

What can I expect at a home closing? Well, it depends on your role. (Although there’s not really all that much difference between buyers and sellers.) But, there are some things that aren’t quite the same. Read on to learn more about what to expect at a home closing.

What is a Home Closing, Anyway?

A real estate closing, or settlement, is the process of transferring legal ownership of a property from one party to another. While there are many moving parts, the title agency or attorney will take care of the details. By and large, sellers and buyers are there to sign numerous documents to explicitly consent to the transaction.

When is a Home Closing Scheduled?

Generally, a home closing is scheduled after the seller accepts the buyer’s offer. And, is usually set to occur 30 to 45 days thereafter. During this time, the buyer can have the home inspected and the lender will have an appraisal completed.

The closing itself can take about an hour, though it’s not uncommon for close to last an hour and a half or as much as two hours, depending on the circumstances.

What should Buyers NOT Do Before a Home Closing?

If you’re buying a house, your lender will probably warn you not to do certain things before the closing date. (Some lenders will even tell buyers to wait a few days until after settlement day.) Basically, you should not make any large purchases, such as furniture, a vehicle, or other purchase requiring financing.

Also, don’t run up credit card balances (and it’s usually best not to pay down balances because this could be considered “potential debt,”) and don’t open new lines of credit. Don’t change jobs or switch careers, either. And, do not make large bank account withdrawals. Additionally, be sure to pay your bills on time.

Now, let’s get on to what to expect at a home closing or real estate sale settlement. Generally speaking, you as the buyer (or seller) will sign a whole bunch of documents. The title agent or attorney will explain every form and what part it plays in the transaction.

Your lender will distribute the funds that cover the cost of the purchase or the amount of your mortgage loan. And, go over various elements of the transaction -- like property taxes, insurance, escrow, and your new monthly mortgage payment amount, due date, and more.

Investment Advantages of Owning a Vacation Rental in the Upper Keys

The investment advantages of owning a vacation rental in the Upper Keys are quite numerous. There are so many, that it’s difficult to list them all. So, we’ll look at the top reasons. Sure, it generates an extra income stream and there’s no question about it. But, there are some other very compelling reasons to own a vacation rental property in the Upper Florida Keys. Read on to learn more.

The investment advantages of owning a vacation rental in the Upper Keys are not only financial but also include some intangible benefits. That’s right, there are more advantages to owning a vacation rental than just dollars and cents. Here are the top reasons why it’s lucrative to own a vacation rental home in the Upper Florida Keys:

  1. It appreciates in value. Real estate has a long and proven history of being a solid, long-term investment. And, when it’s in a highly desirable location, it appreciates all the more. It will only gain value in the years to come.
  2. It brings a premium rate. Because it’s in the Upper Keys, where hundreds of thousands to millions travel every year, you’ll be able to charge a premium rental rate. That alone makes it a worthwhile investment.
  3. It can be used as leverage. If in the future you want to expand your real estate portfolio, you can use this property as leverage to acquire other properties.
  4. It creates a passive income. Of course, the main reason most real estate investors get into the market is to make more money. This is one of the best ways to do just that. You’ll create another income stream and to make it as lucrative as possible, you can hire a rental management company to take care of the whole thing so you don’t have to worry about it.
  5. There are several tax benefits. As with just about any real estate investment, you can take advantage of all kinds of tax benefits. These include write-offs for several carry costs. (Which includes property taxes, maintenance, insurance, improvements, repairs, and more.) By the way, if you live in the state of Florida, that income isn’t taxed at the state level.

In addition to all of these advantages, there’s also the fact that it serves as a dedicated getaway. Because it’s a real home away from home, ready for you whenever you need to take a break.

Islamorada Real Estate Forecast 2020

The Islamorada residential real estate forecast for 2020 is one that will most delight buyers but bring a bit of good news to sellers, as well. Known as “The Village of Islands,” located in the Upper Florida Keys, Islamorada is also the Sport Fishing Capital of the World. But, it’s also a great place to call home, and for many reasons. So, let’s take a quick look at the residential real estate market in Islamorada for 2020 and beyond.

The Islamorada residential real estate forecast for 2020 will likely continue its previous trend, although more pronounced. At this time, the real estate market in Islamorada is largely considered to be a buyers’ market, with a cool temperature. This means, there is a plethora of inventory and few buyers looking for homes for sale.

During the past twelve months, residential home values have dipped by 0.5 percent, bringing the median home value down to $914,600. Real estate experts and economists believe that over the course of the next twelve months residential home values will decline by an additional 2.8 percent. (This will prevent any artificial price hikes, which hurts the market at large, whether it’s buyers or sellers.)

Right now, the median listing price per square foot stands at $711, which is more than the overall Key West metro area of $532. Meanwhile, the median list price for sale in Islamorada is $1.2 million, which is in line with other communities in the Upper Keys.

At this time, there’s not much in the way of distressed properties, which consist of foreclosed homes and short-sale residences. Presently, the rate of delinquent mortgages in Islamorada is 1.6 percent, which is a tad higher than the national number of 1.1 percent. Also, the percentage of homeowners underwater stands at 4.7 percent. Because of these last numbers, such properties can influence the prices of non-distressed properties. However, the figures don’t represent enough of a percentage to actually impact non-distressed homes.

The residential real estate market in Islamorada and the Upper Keys at large will experience a substantial shift over the next few months. But, the direction depends almost entirely on the effects of the coronavirus pandemic.

Over the course of the past four years, the home values in Islamorada have risen from approximately $695,000 up to $915,000 but might dip down to around $870,000 in the year 2021.

Buying a Home? Benefits of Using a Real Estate Team

Buying a home? Here are the benefits of using a real estate team to help out. Let’s begin with the fact that there are just way too many people involved. That typically includes the lender, home inspector, appraiser, pest inspector, seller, and more. Just this alone means having to juggle a bunch of different names and responsibilities and keeping them all straight. But, that’s certainly not all. Read on to learn more about the biggest advantages of using a real estate team when buying a home.

Using a real estate team means having more than one person at your disposal. After all, it’s impossible for one individual to be in more than one place at a time. Then, there’s the matter of being present for various appointments. For example, accompanying the home inspector to ask important questions is very helpful in understanding the condition of the property.

Of course, that’s not all by a long shot. You’ll also need someone to be there during the pest inspection and others, like wind mitigation inspection. Then, there’s the matter of the appraisal. Should the appraisal come back with bad news, you’ll need an experienced professional to help you through the situation. It might require what’s known as a rebuttal of value and having a team of real estate professionals is a very valuable resource.

Previewing homes in person is yet another benefit of working with a real estate team. Because schedules are all over the place, it’s not always possible to preview properties. But, with a team, someone will be available to see it and give his or her opinion as to its pros and cons.

Usually, individuals have certain skill sets and specialties. That’s another advantage of working with a real estate team because you’ll get a lot more experience and different ways of thinking that will benefit you.

Last but not least, using a real estate team means that you’ll bring more potential matches to your search. Since these individuals list properties for sale in different neighborhoods, they’ll have a feel for them and be able to relate important information about said neighborhoods.

As you can plainly see, it’s just more beneficial to work with a team of real estate professionals rather than one. You’ll streamline the process, get key data when needed, and find the right property for you and your family in less time.

When to Use a Real Estate Lawyer for a Closing

When to use a real estate lawyer for a closing? And, why not just go through a title company?  The short answer is that title companies do not have the same expertise or licensing that real estate attorneys do. Although title companies often boast they handle many times more real estate transactions than lawyers do, this misses a bigger point. That is, the fact that real estate transactions are very complex legal matters and should not always be left to non-lawyers to handle. So, let's look at some reasons why using a real estate lawyer for closing is better than a title agency.

When to use a real estate lawyer for a closing comes down to a particular set of circumstances. For instance, when there are legal issues around the deal. (Or, possible legal issues might arise.) However, that's certainly not all. Here are 4 reasons to go through a real estate attorney, rather than a title company:

  1. A real estate attorney works for you. when you close through a title agency, that company is working for someone else and not you. However, a real estate lawyer works for and represents the person who obtained his or her legal services.
  2.  Title companies cannot provide sound legal advice. Only licensed attorneys can provide legal advice and they know the laws that are involved with real property transactions. What a real estate lawyer tells you is based on years of practice and experience, and not just what others have said and heard.
  3. Title agencies are limited in their capacity to deal with special circumstances. Unfortunately, a good number of real estate transactions run into various issues, most of which title agencies are simply not equipped to handle or remedy. In fact, when such issues do arise, an attorney is usually necessary anyway.
  4. The cost is usually comparable, but the peace of mind is even better. Most people mistakenly think that hiring an attorney is very expensive. Although it seems this way, it's really not the truth. In most instances, a real estate lawyer will cost just about the same amount as a title agency but will offer a lot more peace of mind.
  5. A real estate attorney can spot future problems and alert you to them. since only licensed attorneys are able to give legal advice, they are able to tell you about potential issues that may come up in the future and help protect you from them.

As you can see, it is usually better to go through a licensed real estate attorney than with a title agency for your closing because you get so much more for what you put into it. You're not only getting a professional service but peace of mind as well.

Importance of Home Staging To Sell

The importance of home staging to sell cannot be stressed enough. In fact, home staging is one of the best and most proven methods for selling any house in the shortest amount of time and for the most amount of money.

This is due to a number of factors, most of which have to do with buyers' perceptions. A staged home presents better than its not staged counterparts, practically in every way. Read on to learn more about the importance of staging a home to sell.

The importance of staging a property to sell really becomes apparent through the process. Fortunately, there are a number of statistics that have been recorded over the past few decades which demonstrate the power of home staging.

For instance, staged properties are known to sell for up to 13 percent higher than not staged houses. What's more, staged listings sell about half the time of not staged listings. Then, there's the matter of making a positive impression on buyers, which ultimately contributes to the final sales price and timeline.

Here are two more statistics that strongly underscore the importance of home staging and how it helps to sell a house quickly and for as much money as possible:

  1. There are only seconds to make a first impression. Studies show that buyers form an impression of property within just 7 to 10 seconds. Because buyers most often encounter homes online, the listing photos are extremely important. But, even if they come across a house in person, the same amount of time still applies. This means the better the listing appears online and in-person, the more positive the impression it will make.
  2. Just one out of every ten people can imagine a property other than the way they see it. This isn't a criticism, rather just a fact of life. Only 1 in 10 people can imagine a space in their heads other than the way it's presented, whether it's online or in-person. In other words, humans, although quite creative, largely lack the ability to see the potential past what's in front of them. This backs up the other statistics which real estate professionals rely on, which include depersonalizing properties and staging them as model homes. After all, buyers aren't interested in purchasing someone else's life. Instead, they're interested in buying their own home.

As you can plainly see, it is very important to stage a home in order to sell quickly and for a good price.

Upper Keys Condo Market Forecast 2020

The Upper Keys condo market forecast for 2020 looks to bring a bit of stability to the area. That is to say, it will likely experience a cooling and correction. That’s good news for both buyers and sellers in different ways. For buyers, it means more affordability. For sellers, it means not being stuck in an unrealistic bubble. (Not that there’s an actual real estate bubble in the Upper Keys.) So, let’s take a look at the 2020 condo market in the Upper Florida Keys to know what to expect.

The Upper Keys condo market forecast for 2020 should usher in a more calm and stable real estate market. Which ultimately means advantages to sellers and buyers alike.

Located just off the coast of the mainland Florida peninsula, the Upper Keys are most known as the home of Key Largo. It’s also the home of the John Pennekamp Coral Reef State Park. Situated between the Gulf of Mexico to the west and the Atlantic Ocean to the east, the Upper Keys offer super mild winters, warm and balmy summers, and spectacular spring and fall seasons.

People come to the Upper Keys to relax and unwind, but also to find adventure. If you’re thinking about relocating to the Upper Keys, you need to know what to expect. Here’s a quick look at the Upper Keys condo market forecast for 2020.

Right now, the median home value stands at about $627,000 in the Upper Keys. Home prices rose by approximately 2.9 percent over the course of the previous year. Industry experts and economists alike believe the trend will lessen, with home values forecast to rise by a modest 0.7 percent.

The median list price per square foot in the Upper Keys is around $555, with a median list price of $849,000. However, the median selling price in the area is $588,000.

Also, at this time, about 6.3 percent of homeowners in the Upper Florida Keys are underwater in their mortgages. Meanwhile, the delinquency rate is too small to statistically measure, effectively putting it at zero.

All of this is good news for buyers and sellers in the Upper Keys because it means there is very little instability in the residential real estate market. This paints a welcoming picture for the next twelve months, which could last into 2021 and perhaps, beyond.

Importance of Pricing Your Home Correctly to Sell

The importance of pricing your home correctly to sell can’t be understated. In fact, setting the right asking or listing price is key to selling quickly and for as much money as possible.

It's this very fact that real estate professionals must get across to their selling clients. And, it's often a huge challenge for those real estate pros to get sellers to agree on a fair and reasonable asking or a listing price. This is largely due to inherent bias, as practically every home seller believes their house is worth more than its actual market value.

So, this is your biggest challenge. That is to say, setting an objective and fair listing or asking price. Read on to learn more about the importance of pricing your home correctly to sell.

The importance of pricing your home correctly to sell the first time is extremely critical to getting the results you most want -- to sell your property. However, all too often, home sellers think more in terms of dollars than they do in the practical sense. This leads them to rationalize and wrongly justify pricing their houses incorrectly. Let's take a look at two scenarios that demonstrate the importance of pricing your home correctly to sell.

  1. Asking too much for your property. If you make the crucial error of listing your home above its true market value, people searching in that price range will wonder why it shows up in the searches with higher-priced, more valuable properties. By the same token, setting the listing price above market value will also cause the house to be missed by people in that lower budget range. In other words, the people who do see it will know it's overpriced, and those who don't see it will be the very people you should be trying to target.
  2. Setting a low listing price. It's understandable that some sellers, with very little confidence in their properties, would set their asking price under market value. But, this too, has an adverse effect. Much like setting the price too high, setting the price too low will only serve to undermine your efforts to sell the property. Buyers will wonder what's wrong with the house and simply pass it by. And real estate professionals, looking on behalf of their buying clients, will also pass it over.

As you can see, either pricing your home over market value or under market value will only sabotage your ability to sell the property. So, it's imperative to price it right to sell in the first place.

Upper Keys Luxury Home Forecast 2020

The Upper Keys luxury home forecast for 2020 is already shaping up to be a good year. For approximately the past twenty months, the trend in home values has been on an upward trajectory. And, it looks like this will continue well into the next calendar year. Read on to learn more about the Upper Keys luxury home market forecast for 2020.

The Upper Keys luxury home forecast, by most accounts from industry experts, will be of big benefit to homeowners. However, it will also be advantageous to buyers, as well, since the rate of home value increases is expected not to be as dramatic.

The Upper Florida Keys are some of the most visited destinations in the country. With the Gulf of Mexico to the west of the island chain and the Atlantic Ocean to the east, the archipelago lies in a beautiful location.

Just about an hour away from Miami and not far off the mainland peninsula, the Upper Keys are home to John Pennekamp Coral Reef State Park, Anne’s Beach, and a number of other popular destinations.

Certainly, there’s much to love about the Upper Florida Keys, including its real property performance.

Over the course of the past year, the median home value in the Key Largo area has reached $667,800, rising 7.1 percent over that time. Experts predict home values in the community will continue to rise but at a more moderate rate of 4.8 percent.

At this time, the median list price per square foot stands at $536. This amount is higher than the Key West Metro average of $526 per square foot.

Meanwhile, the median list price in the Key Largo area is now approximately $827,5000. Also, the median selling price is about $512,700. Presently, the median rent price in the area is $3,000 per month, lower than the metro average of $3,500.

Currently, the market conditions in the Upper Keys are near parity, though there is a slight advantage for sellers over buyers. However, with the rate of home values expected to slow a bit, and the overall health of the local residential real estate market, the parity between buyers and sellers should reappear in the coming months.

As you can clearly see, the Upper Keys luxury residential real estate market is a very stable one and one that offers a lot of opportunities for savvy buyers.

Florida Keys Schools

Florida Keys schools include those administered by Monroe County, as well as several private institutions. (There are also charter schools in the Florida Keys, as well.)

Florida Keys schools are some of the best in the Sunshine State, at large. In fact, it’s one area in Florida where there’s a smaller teacher to student ratio. (At this time, the average student-to-teacher ratio in the Monroe County School District is an impressive 15:1, meaning fifteen students to one teacher.)

Now, the Florida Keys, which everyone knows is a chain of islands meandering from the southern tip of the peninsula, are made up of three sections. Running in between the Gulf of Mexico to the west and the Atlantic Ocean to the right, the Florida Keys are comprised of the Upper Keys, the Middle Keys, and the Lower Keys.

Each of these areas -- the Upper Keys, the Middle Keys, and the Lower Keys -- is home to several islands. Therefore, populations vary greatly from one island or key to another.

There are more than thirty schools throughout the Florida Keys, which include elementary schools, middle schools, high schools, and colleges and universities.

For instance, the Upper Keys are home to about ten or more schools, including St. Justin Martyr Preschool, Key Largo School (grades kindergarten through 8th grade), Coral Shore High School, Island Christian School, Plantation Key School, Treasure Village Montessori, and more.

The Middle Keys have about six schools, including Marathon High School, Marathon Middle School, and Stanley Switlik Elementary (K-grade 5).

The Lower Keys have the most schools in the Florida Keys, including one on Big Pine Key and one on Summerland Key. Key West boasts the most schools in the island archipelago, with a community college, a university, and several primary schools. These include, but are not limited to Gerald Adams Elementary, Grace Lutheran School, Hodges University, Horace O’Bryant School, May Sands Montessori School, Mary Immaculate High School, Poinciana Elementary, and Sigsbee Charter School.

Additionally, there are over twenty licensed daycare centers throughout the Florida Keys in Monroe County.

If you are planning to relocate to the Florida Keys, it’s best to learn as much about the area as possible. Although similar, there are distinct differences between the Upper Keys, the Middle Keys, and the Lower Keys. Also, identify your most wanted communities in order to look into the local public and private school options available in order to make the best choice.

Things to Do in Islamorada

Things to do in Islamorada range greatly in experience from mild to wild. That’s right, you read it correctly. There is much to see and do in and around Islamorada. So, let’s get straight to it. Read on to learn more about the best things to do in Islamorada.

Things to do in Islamorada are so varied, it’s hard to know where to start. The good news is, you can choose your level of excitement and/or relaxation.

Known as the “Village of Islands,” Islamorada is actually a collection of small keys. Formally incorporated in 1997, Islamorada is also known as the sportfishing capital of the world. But, don’t worry, if you’re not an avid angler, there’s still a whole lot to see and do. Here are the top things to do in Islamorada and beyond:

  1.  Go to the parks. Three natural destinations are at the top of the list: Lignumvitae Key Botanical State Park, Library Beach Park, Founders Park, and Windley Key Fossil Reef Geological State Park. What’s great about this is that each one has its own distinct experiences. In other words, these parks must be seen in person to be fully appreciated.
  2.  Explore far and wide. The parks aren’t the only getaway within this tropical getaway, there’s also a number of trails to follow at your own leisure. Plus, you can also explore shipwrecks and get up close to nature.
  3. Seek entertainment. There are few places like the Theater of the Sea. Here, guests see and learn all about dolphins and sea lions. In fact, it is also a historic location and definitely worthwhile to visit.
  4. Travel back in time. There are two venues where you can explore history: the Florida Keys History of Diving Museum and the Florida Keys History and Discovery Center. Each location offers a lot of history and interesting facts and figures about the Keys.
  5. Enjoy the water (in more ways than one). Of course, Islamorada is the sportfishing capital of the world. So, take advantage and hop on a charter. Or, try out a sailing trip. You can also scuba, snorkel, or just sunbathe.

Other activities in Islamorada include biking, hiking, paddleboarding, sightseeing, nightlife, dining, shopping, and a whole lot more.

The very best is waiting here for you to discover and enjoy in Islamorada. Just one visit and you’ll experience one of the best times of your life

Florida Keys Arts and Culture

Florida Keys arts and culture. The perfect combination of living in a tropical paradise and experiencing the best mankind has to offer. Of course, when people think about the Florida Keys, they typically think about sand, surf, sunshine, sailing, fishing, sunrises, and sunsets. But, there’s far more to the Florida Keys than just outdoor recreation. So, let’s take a look at Florida Keys' arts and culture.

Florida Keys' arts and culture are most definitely different than just about anywhere else on the planet. Even in like climates, there just aren’t any truly similar experiences like what you’ll find in Florida Keys arts and culture.

An island archipelago running from the southern tip of the mainland Florida peninsula between the Atlantic Ocean and the Gulf of Mexico, the Keys offer a unique lifestyle from Key Largo in the north, down to Key West in the south.

Now, let’s get into what to expect from Florida Keys arts and culture:

  1. Nature. We’ll begin with something a bit out of the ordinary but still relevant. The Florida Keys are awash with wildlife of all shapes and sizes. And, you can encounter several different species at the Crane Point Museum and Nature Center in Marathon. Or, take a day to visit the Audubon House and Tropical Gardens in Key West.
  2.  History. The Florida Keys boast a very interesting history. (Like the fact Marathon is named after a joke by railroad workers who kidded about the project being a marathon-like undertaking.) Shipwrecks, ghosts, and much more are part of the Florida Keys history.
  3.  Museums. Speaking of history, you can see it for yourself in the Keys History and Discovery Center in Islamorada. There’s also more to learn at the Florida Keys History of Diving Museum. Of course, perhaps the most famous is the famous Hemingway Home and Museum.
  4.  Music. If you prefer a more formal experience, there are two choices: the South Florida Symphony and the Florida Keys Community Concert Band. But, there are plenty of places to experience live music in the Florida Keys with all the bars and other venues.
  5. Festivals. Two of the biggest events in the Florida Keys are the Pigeon Key Art Festival and Key West Craft Show. However, there are others, depending on when you visit and where you stay.

As you can see, there’s plenty to experience when it comes to Florida Keys arts and culture. Come live it for yourself!

Florida Keys Health Information

Whether you’re visiting or relocating to the Florida Keys, there’s some information you really should know about beforehand. Even taking an extended weekend trip to the Florida Keys might result in a situation where you need some type of professional health care. So, read on to learn more about the Florida Keys health information and what you need to know.

Florida Keys' health information begins with a few stats. There are, at present, approximately four hospitals in the Florida Keys. Additionally, there are about eight health care clinics. And, there are some other facilities which offer immediate care.

What’s more, there are a number of pharmacies in the Florida Keys and private doctors’ offices. (The Florida Keys also have a few assisted living facilities and nursing homes, along with a few skilled nursing facilities.)

Hospitals in the Florida Keys include, but are not limited to: the Lower Keys Medical Center in Key West, Mariners Hospital in Tavernier, Fishermen's Community Hospital in Marathon, The Medical Center at Ocean Reef in Key Largo, and the Homestead Hospital in Homestead. Additionally, the Baptist Children's Hospital is located in Miami, and the Kindred Hospital of South Florida is located in Hollywood, as well as another facility in Fort Lauderdale.

Besides health care facilities, there is also plenty of information about health care and healthy living, in general.

When you visit or relocate to the Florida Keys, you’ll need to take certain precautions to avoid certain situations. For instance, sunscreen is a must during any time of the year when being outside. Also, you’ll need a good pair of sunglasses to protect your eyes from the bright rays, glare off the water, and shine from the white sands.

Since the Florida Keys are in a subtropical climate, you can take advantage of the wonderful weather to stay healthy. On almost every day of the year, you can sail, swim, snorkel, boat, hike, bike, golf, play tennis, basketball, volleyball, and more.

Better yet, because of the super mild winters, you won’t have to worry about problems that come with snow and ice.

It’s also a good idea to test for food allergies before coming to the Florida Keys. Particularly for little ones, who haven’t yet had seafood. Also, for other allergies, such as pollen and more environmental allergens.

To learn more about health care information in the Florida Keys, visit the official Monroe County website at http://monroe.floridahealth.gov/

Florida Keys Arts and Culture

Florida Keys arts and culture. A phrase that inspires people and bites individuals with the travel bug. In fact, there’s much to discover and love about Florida Keys arts and culture and it’s all here and waiting to enjoy. So, let’s take a look at Florida Keys' arts and culture and what you can expect.

Florida Keys' arts and culture are quite unique. There’s really no place else in the world that’s really like the Florida Keys. A sub-tropical island archipelago off the south-eastern coast of the country, lying between the Atlantic Ocean and the Gulf of Mexico, the Florida Keys have so much to offer. Sure, there’s the weather, which is simply wonderful. But, there’s also more to the chain of islands. Here’s what you need to know about Florida Keys arts and culture:

  1. Festivals. The Pigeon Key Art Festival and Key West Craft Show are just two of several must-see events. You’ll find festivals during various times of the year and these gatherings are something wonderful to experience. Of course, most are for adults but there are events that are family-oriented and kid-friendly. However, the majority of festivals in the Florida Keys are wild and a whole lot of fun.
  2. Museums. Perhaps the most well-known is the Hemingway Home and Museum. There’s also the Keys History and Discovery Center in Islamorada, along with the Florida Keys History of Diving Museum. But, this certainly isn’t an exhaustive list. Against such a tropical backdrop, these museums are a fantastic way to spend a day or two or even more.
  3. History. Okay, so most people don’t associate the Florida Keys with history. But, that doesn’t mean there are rich and interesting stories to tell. For instance, there are a number of shipwrecks around the islands to explore. There are also other ways to learn about the history of the island chain.
  4. Nature. Since the Florida Keys are primarily known for their outdoor recreation and more, nature is one of the biggest draws. You can also visit the Crane Point Museum and Nature Center in Marathon and the Audubon House and Tropical Gardens in Key West are just two ways to experience the best the Keys have to offer.
  5. Music. Again, the Keys have plenty for visitors and locals alike to enjoy. The South Florida Symphony and the Florida Keys Community Concert Band are two of the best.

Lastly, there’s the Marathon Community Theater and Key West Theater, which feature live performances.

Upper Keys Luxury Home Forecast 2019

The Upper Keys luxury home forecast for 2019 is shaping up to be a good one. Thus far, the luxury real estate market and other resales in the Upper Florida Keys have seen dip inactivity. However, this isn’t unusual in a destination location.

Located just off the coast of the Florida peninsula and including Key Largo, Elliot Key, Old Rhodes Key, and North Key Largo, the Upper Keys are one of the best places to own real estate. So, let’s take a look at the Upper Keys luxury real estate forecast for 2019.

Right now, the Upper Florida Keys home forecast looks steady and strong. At this time, the median house value in Key Largo, in particular, stands at just over $631,000.

Over the course of the past year, home values have risen in the Upper Keys and Key Largo by a good 3.5 percent. Industry experts predict home values in the Upper Florida Keys will continue to climb by approximately 2.3 percent throughout the year.

The median list price per square foot in Key Largo currently comes in at $595. This represents a higher number than the median square price for the entire Key West Metro average of $520.

At this point in time, the median list price for homes for sale in the Upper Keys is just less than the median list price for homes in Key Largo, which comes in at $898,500. However, the median sales price on the same island, Key Largo, is $599,400, while the median sales price in the Upper Keys at large is lower.

Right now, the median rent price in Key Largo specifically is $2,800, which is below the rent rate for the Key West Metro area of $3,500.

Also, the balance between sellers and buyers is off. At this time, the Upper Florida Keys residential real estate market favors buyers far more than sellers. This means there is more available inventory for sale than buyers. Although, this scenario won’t remain for long.

On the other side of the equation, sellers have an advantage thanks to one statistic. The current rate of mortgage delinquency is statistically non-existent. By comparison, the countrywide number is 1.1 percent. This helps sellers because there are very few to no distressed properties to compete with and drive down prices.

As you can see, the Upper Keys luxury home forecast is one that shows big promise in the not too distant future.

Advice for New Real Estate Investors

Advice for new real estate investors is essential to success. After all, you need to go into the venture with the most information possible. The more you know, the better it will serve you, no question about it.

Real estate investing can provide a huge return on investment. And, you will make mistakes, there’s just no way around it. But, by being proactive, you’ll have a distinct advantage over those who jump in with both feet, totally unprepared.

That’s why you need some solid advice if you are a new real estate investor. Here are some key points to know about before you get into real estate investing:

  1. Realize this is a business. “Don’t let emotions take over.” You’ll hear this advice about any type of investing. And, it’s particularly true with real estate because it’s something that’s tangible. You can see and touch it and it has context with the neighborhood around it. Stocks don’t provide this and so it’s much easier to get emotional about real estate.
  2. Find an experienced agent. Having an experienced agent on your side will prove a huge benefit. You’ll have someone who has been through the process several times before and that’s a fantastic resource.
  3. Team up with a mortgage broker. Yes, you’ll also need to team up with a mortgage broker. This is the person who will provide you with various financing options and this will help you make a better decision.
  4. Know where to look for properties. While you might have an idea or two where you’d like to buy, don’t ignore other neighborhoods to your detriment. (By the way, this is where working with an experienced real estate professional comes into play.)
  5. Speak with other real estate investors. Don’t think you’re better off keeping to yourself -- it’s just not true. It’s far more advantageous to be in the loop, catch as much feedback as possible, and have peers to bounce ideas off.
  6. Understand the real costs of investing. There are three rules to buying and rehabbing properties: it will cost more than you estimate, take longer than you think, and you’re not an exception. The costs are real and substantial. So, run all the numbers to understand what’s really at stake.
  7. Keep researching and learning along the way. Just like with anything else, you need to keep learning throughout your journey for your own benefit.

Islamorada Florida Resorts

Islamorada Florida resorts are some of the best things about visiting the Keys. It’s true. People not only come to Islamorada to enjoy the sunshine and slow-paced tropical lifestyle, but they also visit to take in the weather and a whole lot more.

Islamorada Florida resorts provide great escapes from the day-to-day drudgeries of life. And, there are few places to find all Islamorada has to offer. Known as the sportfishing capital of the world, Islamorada is actually a collection of islands.

What few people know is there are not many sandy beaches here in Islamorada. Sure, you’ll find white sand elsewhere, but it’s largely absent here. However, that doesn’t mean you can’t find some of the finest the Upper Florida Keys has to offer.

So, let’s take a look at some of the top Islamorada Florida resorts and what you can expect when visiting the Keys:

  1. Cheeca Lodge and Spa. This getaway first opened in 1946 and lays claim to being one of the original luxury properties. It covers an impressive 27 acres with plenty of gorgeous scenery. There are over two hundred rooms and a five hundred plus foot pier. Stay here to enjoy views of the ocean, the well-manicured grounds, or a peaceful lagoon.
  2. Pelican Cove Resort and Marina. This resort was refreshed with a renovation back in 2014 and offers just over sixty rooms. There are private balconies here, along with mini-refrigerators, in the rooms and it’s a great place to explore the outdoors.
  3. Amara Cay Resort. This resort also received a makeover renovation, which was completed in 2015, transforming it immensely. The rooms are modern and it’s best known for its location. Built right on the water, this is the place to stay to enjoy sailing, diving, snorkeling, canoeing, kayaking, paddleboarding, and more.
  4. Chesapeake Beach Resort. This is the place to stay for those seeking a more family-oriented experience. It includes sixty-five guest rooms and is close to the Windley Key Fossil Reef Geological State Park and other destinations.
  5. La Siesta Resort and Marina. This resort is tucked away, out of sight from the Overseas Highway. Its seclusion makes it ideal for those really wanting to get away and enjoy a private beach. Hang out in a hammock and enjoy the scenery.

Of course, there are certainly more options here in Islamorada. So, take the time to come down and check out the Florida Keys.

Islamorada Beaches

Islamorada beaches offer some of the best natural experiences in the Florida Keys. Located in the Upper Florida Keys, south of Key Largo and north of the Middle Keys, Islamorada translates into “purple island.”

It’s actually a collection of multiple islands colloquially known as the “Village of Islands.” And, it’s home to some of the most delightful beaches in the Upper Keys, off the coast of the main peninsula. (Plantation, Lower Matecombe, Indian, and the two Lignumvitae Key islands.) So, let’s take a look at the beaches of Islamorada and just beyond.

Islamorada, which is widely known as the Sports Fishing Capital of the World, has much to offer. Scuba diving, snorkeling, sailing, hiking, biking, and more all await. Then, there are the beautiful Islamorada beaches. Now, something that comes as a bit of surprise to many first-time visitors to the Keys is there’s not really all that much beach. However, there are some great beaches in Islamorada, like the following:

  1. Anne’s Beach. This is a shallow-water, Atlantic-side beach, with depths only up to the knees, at least, in from the channel to the shore. At low tide, there’s more beach to enjoy. But, it’s also equipped with a boardwalk, pavilions, and picnic tables, along with benches. This is also a pet-friendly beach, complete with restrooms, for visitors’ convenience.
  2. Long Key State Park. Also an Atlantic-side beach, Long Key State Park is a great place to kayak or canoe, snorkel, or paddleboard. It’s a bit rocky in places, which means water shoes are highly suggested. Like Anne’s Beach, it’s mostly shallow here and the water is generally calm.
  3. Founders Park Public Beach. This is a wonderful destination for families with kids. Here, you’ll not only find a beach to enjoy but plenty of other outdoor activities. For instance, there’s a huge swimming pool which shows movies at night. Plus, there are baseball and softball diamonds, along with basketball and tennis courts. What’s more, there’s a skateboard park here. Founders Park Public Beach is on the Gulf of Mexico and boasts barbecue spots, restrooms, as well as showers.
  4. Library Beach. Although not particularly large, this is one the locals pretty much keep to themselves. It too is equipped with a barbecue area, picnic benches, and a playground and restrooms. But, exercise caution because it contains strong currents during tide changes, with a rocky bottom.

There you have it, the best beaches in Islamorada to visit and enjoy.

Condo Investment Strategy

A sound condo investment strategy is something that’s definitely needed when entering the real estate market. Condos are particularly attractive to real estate property investors for a number of reasons.

First, condos often exist in high demand areas. (This is actually the entire reason for condos in the first place. With multiple owners, the cost is a lot less than single-family homes.) Second, condos usually offer maintenance and more upkeep. Third, condos cost less to maintain but still enjoy equity gains.

A good condo investment strategy not only takes the above into consideration but other factors, as well. For example, condo communities typically enjoy a few to several amenities. These can include a swimming pool, a gym, a tennis court, a golf course, a clubhouse, beach access, and more. The great thing is, the owners don’t have to keep these up. Instead, the condo association does the work.

A solid condo investment strategy means looking for the right unit in the right community. So, let’s take a look at some key factors you need to focus on for the best condo investment strategy:

  1. Age. This works two ways -- not only the age of the community and buildings themselves. But also, the age restrictions. Both are important to know upfront in order to make the right selection.
  2. Common areas. One of the best things about owning a condo is it’s essentially owning a house without yard work. Although the association takes care of common areas, such as the parking, pool, and more, it’s equally important to know how the residents treat these areas.
  3. Safety and security. Of course, safety and security are very important for a plethora of reasons. So, be sure to learn about the community’s safety and security in order to avoid risky or bad situations.
  4. Quality of life. This means the overall “mood” of the community’s residents. In other words, it’s very crucial to buy into a community where there’s a lot of camaraderie. Obviously, you don’t want to buy a unit in a condo building that’s full of busy bodies and crabby personalities.
  5. Parking. Yes, parking. Since it’s not a single-family residence with a dedicated driveway, parking is a huge deal. While this might not seem like much of a concern, it’s huge when it comes to daily routines.

Overall, do your research and look into the specifics before buying any real estate. Take your time and you’ll be able to put together a good condo investment strategy.

Using Outdoor Lighting to Help Sell Your Home

Exterior lights

Landscape lighting options generally embrace one among two prevalent trends. The first method is by using floodlighting and landscape lights to cast subtle lighting upon your landscaping or perhaps your home's architectural design. The second option includes wall fixtures and lampposts, that provide light while setting up a more noticeable contribution in your outdoor dÈcor. While bronze lighting fixtures have historically been the favorite outdoor lights of preference, cast aluminum light fixtures recently become trendy. Cast aluminum's fabulous style options and rust-resistant finishes are drawing customers to them.

Outdoor lighting can certainly make your outdoor area more usable inside the evenings. Adding a good, warm light could make your yard or patio look cozy. It may enhance the appearance of any landscaping you currently have in your yard and highlight certain plants or designs. But it may also provide a nice light that you can enjoy when you are outside, making it easier that will help you and savor your outdoor space after the sunsets.

Outdoor lighting is actually vital that you gardening design as well as home security. Low voltage exterior lights are subtle but bright enough to light pathways as well as other main parts of the landscape. Many low voltage outdoor lights just use 4 watts of power, which will save the householder funds on the utility bill, but these can be as bright because of the homeowner's wishes.

Landscape Lighting

The advantages of an attractive landscape should not be disputed: it can make your house lovelier plus more valuable on the market. Landscape lighting installation can enhance that landscape even more from the negative effects of shadows, up and spot-lighting. But what many homeowners don't realize is the fact enhancements like these not simply look pretty - they're beneficial to the home, too. Furthermore, Landscape lighting installation boosts the advantage of existing landscape designs without hurting your wallet.

Solar Powered Exterior Lights

3. You need to know that proper light placement is quite vital for yourself to be able to achieve that effect that you desire to achieve inside your garden. There are a few individuals who will only end up being disappointed using the placement of lighting inside their yard as a consequence of electrical concerns nonetheless. We will no longer have the desire to handle types of issues because of Solar Powered Landscape Lighting which will illuminate our place without those group of wiring which makes the whole thing looks chaotic great thing.

When looking for Solar Powered Landscape Lighting, there are a few contemplations to create. First, take into account the brand mainly because not all solar lights are equally made from all. Should you go for something cheap, you could possibly realize that you will be acquiring an inferior one even though this is incorrect all the time. What you must do is to research the brands as well as the models before purchasing any. Furthermore, check exactly how the lights will function during the single day's charge ahead of the procurement. This is certainly to discover how long it is possible to anticipate the lights to shine all through the full night. In fact, you intend to beautify your house with these lights not merely for an hour but also for the whole evening.

Advantages of Deep Boating

When it comes to deep boating, one should most definitely keep in mind Venetian Shores, a lively subdivision in Islamorada, located in the Upper Florida Keys. With a helpful 4 foot draft, Venetian Shores is where a boat-lovers dream comes true. But, why is this so? And, what are the biggest benefits of deep boating when it comes to waterfront property?

For those unfamiliar, deep boating is in relation to the haul and draft of a water vessel. For example, a large sailboat might have a haul which requires a depth of at least 4 feet to operate safely. Of course, there are also powerboats and yachts which require a given depth to operate safely.

If you are an owner of such a water vessel, you’ve no doubt invested a substantial amount of time and money into the craft. Which means you need a property that is up to par to function on a level that accommodates deep boating.

In other words, you cannot purchase (or own) property on the water that’s shallow. Simply put, you could not sail or drive up to the property because the water depth is not deep enough. Additionally, the water depth must not drop below a given level when the tide is out.


Of course, large vessels also require space in more ways than one. There must be ample room to maneuver and make turns, coming in and out.

Then, there’s the ability to dock vessels of different sizes. Small boats have the ability to dock almost anywhere. But, larger crafts must have a sizeable room.

Living in Venetian Shores

Venetian Shores is a vibrant subdivision in Islamorada in the beautiful Florida Keys. And, there are several advantages to buying a home here. It’s not just the gorgeous weather but that’s certainly one of the biggest draws (if not the largest single reason people choose to call this community home).

Here in Venetian Shores, you’ll find all sorts of things to do and see. It’s an ideal place to live, simply due to the incredible location.

Venetian Shores

If you’ve ever considered moving to the Florida Keys or simply want to own property on an island, Venetian Shores should most definitely be on your must-see list. And, here’s a few compelling reasons to buy a home in Venetian Shores:

  • Wonderful weather. Okay, so we’ve can’t overlook or miss the opportunity to revisit the weather. Here, it’s downright delightful in the fall and spring. Plus, the winters are extraordinarily mild. Enjoy the warm, balmy but beautiful summer months, too.
  • No state income tax. Another great thing about living in the Sunshine State is there is no state income tax. So, you keep more of what you work so hard to earn.
  • High property appreciation. Since land is at a premium in the Florida Keys and it’s one of the most desirable places to live in the country, property appreciation is very strong.

Plenty of outdoor recreation. Of course, there’s much to see and do, day in and day out. Because of the weather, you’ll have ample opportunity to enjoy the subtropical island lifestyle.

Things to Do in Key Largo 

There are many things to do in Key Largo. Plus, a whole lot to experience and plenty of sightseeing, as well. Located in the Upper Keys about an hour from Miami, Key Largo is known for its tropical climate, gentle breezes, and warm, gorgeous waters. Of course, many people come here for the island experience and to get away from the cold. But, it is much more than a warm environment. Key Largo has a lot to see and do and it’s not possible to take it all in on one single trip.

Things to do in Key Largo include sunsets, sunrises, fishing, boating, snorkeling, scuba, and sightseeing. However, this doesn’t even scratch the surface. So, let’s take a look at more things to do in Key Largo:

  • Some experiences are worth slowing down and taking time out. That’s particularly true in the case of kayaking. Take a charter to see Key Largo in a whole different light. Get up close to marine life and much more. Kayaking is a great way to get in touch with nature while relaxing all the while.
  • Snorkel Charters. To go a bit further, hop out of the kayak and get right into the water. Snorkel about to discover even more than you can on the surface. Emerge into an entirely different and wonderful world.
  • Of course, there’s always the thrill of the big catch. You can join a charter and go out on the water to test your angling skill. Here, you’ll experience more than just a day out. This is an opportunity to see dolphins in the wild, as well as many more marine species.
  • Scuba diving. The Florida Keys are well-known for the treasure trove which lies right below the waves and into the deep. Here, shipwrecks are found all over, along with beautiful coral reefs. Plus, you’ll swim among the creatures large and small.
  • John Pennekamp Coral Reef State Park. Speaking of coral, there’s plenty of it here. But, you don’t have to snorkel or scuba to see it in-person. Instead, take a glass-bottom boat and see it all.
  • Dolphin Plus Bayside. For those who want to learn more about some of the most adorable, smartest, and beloved marine mammals, this is the place to go. Learn about these wonderful creatures and get up close.

Of course, there’s also Dagny Johnson Key Largo Hammock Botanical State Park and Botanic Gardens at Kona Kai

Beachfront Condos = great vacation rentals plus higher profits 

"There’s nothing like the beach. The surf and white sand impart such a soul serving view and make sunrise and sunset even more spectacular. Though many people in the market to buy a home would love to be right on the water, they regard it as too expensive and something of a daydream.

Living on a beachfront isn’t something that’s obtainable for people with modest budgets, even those that have a lot more purchasing power generally don’t entertain the notion they would be able to afford beach living.

However, it’s really not that expensive to live in a beachfront property. You just have to be willing to think a little bit outside the box. When most people think about beachfront property, their imaginations conjure up grand images of big homes, standing widely over white sand. Though these properties certainly do exist, they are not the only ones available, giving you more options.

Investments Advantages of Beachfront Condos

If you really want to live on the beach, there’s really no reason you can’t fulfill your dream. Condos are a way to realize your longstanding dream. What’s more, you can have it all and make a wonderful investment in your future, and here are the reasons why that’s true:

Beachfront property is finite. You know that beachfront land is at a premium because there’s only a finite amount of it. That parcel, practically no matter its size, is going to substantially increase in value as time goes by and won’t suffer from market fluctuations nearly as much as landlocked properties.

You get a lot more for less. The cost of a condo purchase will be substantially less than a single-family residence on the beach. You will pay a much smaller price and enjoy rapid appreciation, along with a strong asset allocation, when you buy a beachfront condo.

It has a strong income potential. If you purchase a beachfront condo, you are ensuring a nearly unceasing occupation by renters. This is a situation in which you can decide on what works best for you. Rent it seasonally and live in it when you want.

The maintenance will be minimal. In a single-family home, you are responsible for the expense of maintaining the entire property. That’s not an expense you’ll have to incur to the extent of a single-family residence, which is substantial

The bottom line is, when you purchase a beachfront condo, you are making a strong investment in your future, along with having the many amenities of security, simple maintenance, and a heft appreciation rate.

Where You Live is How You Live!

Many people have heard the phrase "you are what you eat" and have taken it to heart. What you put in your body becomes your body. The same can be said about your surroundings. Where you live is how you live. Put simply, people are a product of their environment, which is why most people living in larger cities, almost always have higher stress levels.
The effects of higher stress.
Research has documented that high levels of stress definitely increase the risk of heart disease and strokes among other illnesses. In addition, increased stress is also counterproductive when it comes to getting things done, as high-stress levels take away precious energy. Alternatively, living a life where stress levels are less, has been linked to lower blood pressure and a more general sense of well-being.
The conclusion is, that if you live in an area that has lower levels of stress, it can, in turn, lead to a better quality of life. So, for those who are looking for a change of pace, moving to an area where stress levels will decrease is always a good decision.
For example, those who live in areas such as Florida beach towns will almost always enjoy lower stress levels. The sound of the ocean, the feeling of the sand between your toes, and sunny days are life's natural mood enhancers and will, in fact, change the way you view the world and your life.
As a decision, moving to the beaches of Florida could be the best thing you've ever done for yourself. Consider that you may owe it to yourself and your family to seriously consider this as a life-changing option. The beaches of Florida are some of the most beautiful in the world, and making your new home in the Upper Keys can be a wonderful way to decrease your stress levels.
Picture yourself sitting on a hammock, sipping a drink, and looking out towards the ocean. The years of hard work, don't you owe yourself something?

Importance of Pricing your home right, to sell

In today's market, selling your home for its maximum value can be difficult. There's a fine line between setting a high price that provides you with a few bargaining rooms and one that scares off potential buyers. Clearly, a competitively priced home will attract more buyers, but will unavoidably lessen your final profit. Therefore you have to think cautiously about the bottom line beforehand, that's, how far you're willing to lower your asking price once a bid is received. There are several ways to assist you have set your price more efficiently on the market, the first of which is to study comparable homes in your area.

Unless of course, you live in a very sparsely inhabited area, you must think about your area to be any houses within a half-mile radius. By doing your homework on local sales, you'll capable of getting a better idea of the real market value of your home. You first need to differentiate between previous sales and active listings, as active listings that were available on the market for an important amount of time haven't sold for a reason. Most of the time, this reason is that they're overpriced. To get an even better indicator, you should find records of pending sales as these are more current than lately completed sales which might, in fact, have been agreed on months before and are likely to be out-of-sync with the market.

Another mistake people make is overpricing because they feel they have the advantage of time and may wait around for the offer closest to the required price. This tactic will only succeed in an appreciating market, while in a stable or declining market, buyers will steer clear of playing the waiting game themselves. Again, keeping an eye on market movements will enable you to make quick adjustments to the asking price to take into account of market trends. Doing so might earn yourself a valuable head start on competing homes in your area. Lastly, you'll need to be capable to see your property critically in the eyes of a buyer. Even though you can have lived there and come to love it as your home, you must see all of the possible negatives and either invest money in improving them if possible or take them into account and adjust your asking price accordingly.

Guide On How To Get Affordable Home Insurance Rates

Make any insurance company aware of your home security system when looking for quotes. A security system for your home that is monitored remotely can lower your insurance premiums significantly.

Get a decent alarm to reduce your homeowner's insurance premiums. This reduces the chances of someone breaking into your home. Your insurer will stop considering your house as a risky and decrease the price of your insurance. Remember to send your company proof of your new security.

There are many things that can unexpectedly cause damage to a home. You need to purchase a fire insurance policy that protects your investment from the fire caused by arson, wildfire, arson, storms, cars, and earthquakes. Look at your policy, and don't be afraid to ask questions to ensure that you are completely protected from fire.

You should install extra smoke alarms in your house. Insurance companies offer better premiums if you have smoke alarms installed in your home. Adding carbon monoxide and smoke detectors can convince your home owner's insurance that your house is not as risky.

You can lower your homeowner's insurance premiums by putting in home security or alarm system. These systems are usually not expensive to install and will provide you with a feeling of safety while you are away or at home.

Safety is key when it comes to insurance. Having burglar alarms, burglar alarms and fire extinguishers on your property, and fire detectors on the property can lower your premiums. It may also save your life, so it's a good idea to get these things and learn all you can about them.

Purchasing a home owner's insurance does not need to be a horrifying experience. Using the tips above can ensure you're covered. You can turn possible tragedies into just inconveniences. Many terrific coverage choices, agents, and insurers exist, and you now have the tools you need to identify them.

Tips Regarding Real Estate Investing

This article can get you started. Continue perusing this article for some useful facts and ideas.

Find like-minded people that are in this business and learn things from them. There are many people interested in real estate. There are many groups who feel the same way. If you can't find one nearby, check the Internet for investor forums. Get out there and learn from your peers.

Dedicate a set quantity of your time to learning what you need to know as well as running your business. You must budget your time wisely if you want to make more money over the long haul. Ditch poker night or another guilty pleasure so you go to in order to become a better investor.

Stick with niches you are comfortable with. You will find more success by focusing on your market niche. No matter if you flip home or have properties with cheap down payments, keeping with what you know will really help you succeed.

Location is definitely the most important aspect of prime importance when it comes to real estate investment. Property condition and other issues can be fixed. Properties that are located in rapidly depreciating locales will rarely be a wise investment. Know what you are doing and make sure to research the area where you live.

This will help you get moving on the right foot. There is nothing worse than paying out of the mortgage payment from your own pocket because a renter is behind.

Look at the neighborhood before buying a property. Neighborhoods that are desirable will have a lot of value at all times, while a depressed neighborhood could bring you very low returns. The location will always be essential when assessing a property's value.

It may even be illegal to dig before checking for lines, and you definitely don't want to cause any damages.

Don't get real estate in bad neighborhoods. Know all there is to know about the location of your prospective property before you buy it. Do your homework in advance. A good deal on a beautiful house may mean that it's in a bad area. It can be hard to sell and this type of home could be vandalized easily.

This article has shown you that when you have good information, the understanding of real estate is not really that hard. It pays to acquire the most knowledge possible in order to be truly conversant on real estate investment topics. Anyone can learn to do succeed in property investments, and with these tips, you should have no trouble getting started.

Understanding Home Mortgages

{Buying a new home can be fun if you do not get overly stressed during the approval process.|If you do not get overly stressed during the approval process, buying a new home can be fun.} There are a number of requirements that must be met, and this article is loaded with information to inform you of the essential tips you need to know. Continue reading to learn some great tips to use to get yourself through the mortgage process.

Start early in preparing yourself for a home loan application. Your finances must be under control when you are house hunting. You should have a healthy savings account and any debt that you have must be manageable. {If you are not in good financial shape when you apply for a mortgage, you will likely be turned down.|You will likely be turned down if you are not in good financial shape when you apply for a mortgage.}

{If you're thinking of estimating your monthly payments for mortgage, you need to see about getting yourself pre-approved for loans.|You need to see about getting yourself pre-approved for loans if you're thinking of estimating your monthly payments for the mortgage.} Shop around to see how much you are eligible for so you can determine your price range. After you do this, it will be simple to determine monthly payments.

{Reduce or get rid of your debt before starting to apply for mortgage loans. Before starting to apply for mortgage loans, reduce or get rid of your debt. When your consumer debt is low, you will qualify for a higher mortgage loan. If you are carrying too much debt, lenders may just turn you away. Lenders may just turn you away if you are carrying too much debt. Carrying debt could cost you a bunch of money via increased mortgage rates.

You will most likely have to pay a down payment when it comes to your mortgage. Some banks used to allow no down payments, but now they typically require it. Now they typically require it, even though some banks used to allow no down payments. Find out information on the down payment requirements in advance of submitting any loan application.

Your mortgage loan is at risk of rejection if they are major changes to your finances. If they are major changes to your finances, your mortgage loan is at risk of rejection. Make sure you have stable employment before applying for a mortgage. Before applying for a mortgage, make sure you have stable employment. Avoid changing jobs until the lender has approved your loan because they have based their decision on your current employment situation.

Define your terms before you apply for the mortgage, not only will this help show your lender you are equipped to handle the mortgage, but also for your own budget. Also for your own budget, even though define your terms before you apply for the mortgage, not only will this help show your lender you are equipped to handle the mortgage This means that you should set an upper limit for what you're willing to pay every month. No matter how much you love the home, if it makes you unable to keep up with your bills, you will wind up in trouble. If it makes you unable to keep up with your bills, you will wind up in trouble, no matter how much you love the home.

Many people have to get a mortgage in order to own a home.|In order to own a home, many people have to get a mortgage. A lot of the stress comes from a lack of understanding. Once you understand you will know what you will need to get approved. Use the tips located above to ensure you have the knowledge to complete a home mortgage.

Why It's Important for Homeowners to Get Involved in Their Community

When you’re ready to buy a home, most experienced real estate professionals to make it a good investment, it’s got to be in a great location. So, the old adage of “location, location, location” isn’t a myth. But what it really means is buyers should choose a home that’s easy to sell. Now, that doesn’t make sense at first but it does become quite clear when you think it over for a moment.

Why It's Important for Homeowners to Get Involved in Their Community

It’s important to buy a home in a good community and not just for safety. It’s about living in a connected neighborhood. And, that means a more enjoyable life but also, better home appreciation.

Before you dismiss this notion, consider this -- would you rather live in a neighborhood without a sense of community or one with connectivity? The reason it's’ important is that the more involved people are, the more stock, time, and effort they’ll put into the community.

When neighbors are connected, they’re more apt to take care of more than just their own house. They pay attention to details about the neighborhood. And, they do more to make their neighborhood the best it can be for their own benefit. After all, it’s in their best interest.

Here’s another thought experiment -- homeowners associations. Now, this might conjure negative associations but the entire reason behind HOAs is sound. That is to say, HOAs exist to keep a community looking its best. Your neighbor can’t devalue your home by letting their house fall into a state of disrepair.

However, this community involvement goes further than just your own block. It extends to the actual surrounding community. And, by being involved, you’ll contribute a little more to make it a better place to call home.

So, why is it important for homeowners to get involved with their community? Well, it’s all about making a better place to call home. Here are a few suggestions for how homeowners can get involved with their community:

● Volunteer. A local church, school, civic center, and others always need volunteers. Give your time and you’ll feel rewarded and a sense of making a difference in your community.
● Be an ambassador. Whether you’re in the neighborhood, out and about, or traveling, you can act as an ambassador or evangelist for your community, speaking about its great attributes.
Stay involved. When you see a problem, don’t assume it’s already been reported. For instance, street lights that go out are a hazard. So, report things like this and stay involved with what’s going

Have a Great Vacation in Islamorada

Islamorada is located in the Upper Florida Keys, right below Key Largo (which is just south of Miami). Islamorada is greatly known as the world’s fishing capital, but that certainly isn’t the only reason to vacation here. Every year, thousands upon thousands of people come to vacation in the Florida Keys, and those who visit Islamorada are among the most fortunate.

Islamorada Florida Vacation

If you’re considering going on a tropical island vacation, look no further than Islamorada. Not only is the fish world-class, invigorating, and a lot of fun, it’s a lifelong memory. And, there’s more to do than feel the thrill of the big catch. Here are some more reasons to book an Islamorada Florida vacation:

● You can explore freely. Whether you visit Indian Key Historic State Park or go to Long Key State Park, you’ll find the absolute best in Florida nature. There are plenty of hiking trails and mangroves to discover.
● Dive those incredible wrecks. For the more adventurous, there’s always scuba and it doesn’t get any more incredible than diving shipwrecks.
● See a dolphin show. Go to Theater of the Sea and watch dolphins do amazing things. You’ll also see sea lions and even stingrays up close.
● Check out the live entertainment. There’s plenty to experience in Founders Park, with concerts scheduled practically all the time.
● Go back in time. Islamorada boasts a very rich history and there are plenty of venues to transport you back in time to learn about this special place.

Of course, you can always a picnic, or kayak, bike, or just watch a captivating sunset.

Why Home Warranty Insurance is Importantly

Home warranty insurance is important for buyers and sellers of the residential real estate because it offers peace of mind. When you buy or sell a property, having home warranty insurance is a big-time benefit.

Why Home Warranty Insurance is Important

Home warranty insurance is important because it offers some key advantages and makes it well worth the small cost. And, if it’s used, then it becomes more financially worthwhile.

Typically, home warranty insurance covers the major systems, such as electrical, plumbing, HVAC, and major appliances. But these aren’t the only reasons home warranty insurance is important, there are others, as well:

● Peace of mind for buyers. Let’s face it, when you buy a home, you’ll open your wallet time and time again. Even before you are ready to buy, you’ll have to save for a down payment, earnest money deposit, inspections, closing costs, and more. With home warranty insurance, you won’t get hit with a big expense at a time when you’ve already spent a lot.
● An attractive feature for sellers. If you’re a seller, offering home warranty insurance is a great way to set your property apart from the competition. After all, buyers are more apt to find it attractive than homes without such coverage.
● A wonderful way to get coverage. If the home isn’t new construction (which generally come with warranties and guarantees), home warranty insurance is the best way to get crucial coverage. And, most policies don’t charge more for older homes.

When it comes to buying or selling, home warranty insurance is a very welcome benefit. For help Buying or Selling Islamorada Real Estate please contact me

How to Find The Property Lines on Your Land

As a landowner, one of the best ways to avoid neighborly disputes is by knowing the location of your property lines.

Property or boundary lines are in fact the points that define where the land of one owner ends and the property that is neighboring begins. Boundary lines are used by a property owner to determine where that is legally able to place things such as driveways, pole barns, fences, outbuildings, or anything else. Erecting a structure that is partially on or directly on another person's property can lead to unpleasant situations and lawsuits with neighbors.

1. Check Your Deed

The legal description of your property is found in the deeds, basically, this is, in other words, the measurements and boundaries of your property. The property descriptions, for most people, can be quite difficult to interpret, so it may not be something you find helpful, However, there are times in which the legal descriptions measurements and landmarks which you are able to interpret. If this is the case, a measure based on the landmarks found in the descriptions of the property lines.

With a stake or other marker, mark each corner, Measure from one stake to the next all around the property to guarantee that the measured lines coincide with the deed. By physically measuring the boundaries you will be able to determine visually where the lines are and therefore avoid encroachment on your neighbor's land. However, be warned: an old description may have relied on where a tree which no longer exists was located or a creek which has gone dry.

2. Look Online for the Assessor´s Office in your Municipality's Official Website

There are assessors who offer mapping tools online for all of the real estate in their area, You can use these maps to find your property's boundary lines as well as to determine the location of nearby landmarks, for example, the last line of your street. These landmarks can then be used as fixed points to measure from. Using a measuring wheel or tape measure, measure the distance from every one of the landmarks all the way to your property as displayed on the maps.

3. What If There is No Copy?

If you do not have your own copy, and you cannot find anything online, you can pay the county recorder's office or the assessor´s office a visit. When you purchased your property, you probably read a plat map, this shoed property measurements, and lines. If you do not have it amongst your paperwork, you can check the local surveyor´s or clerk´s office. Ask about any maps that are available for public viewing which should include your neighborhood as well as your street. You may even find some of these maps online, another shower will be microfiche copies or hard copies. If shared property lines are shown on maps of neighboring properties, they can be valuable.

4. Hire a Surveyor

Last but not least, hiring a professional is the most surefire way in which you can determine legal property lines. The surveyor is able to measure as well as map your property and generally will also mare the corners of your property with stakes Being present when the surveyor arrives to measure your property is always recommended. The costs of a survey always vary depending on where you are located, the size of your lot, as well as other variables. Not only should the surveyor be licensed within your state, but they should also carry professional liability insurance, this will cover you if for any reason the surveyor makes some sort of mistake in the survey. For help buying or selling Islamorada Real Estate please contact me

Things to Do in Islamorada

Although only 20 miles in length and amazingly a small and narrow as 150 wide in some locations, Islamorada is actually a chain of islands in the Florida Keys which formally incorporated in late 1997. But, it’s home to much to see and do, aside from its well-known beaches, fishing, scuba diving, snorkeling, sailing, sunsets, and much more. Here are just some of the things to do in Islamorada:

  1. Visit the parks. Lignumvitae Key Botanical State Park, Library Beach Park, Founders Park, and Windley Key Fossil Reef Geological State Park are all located in Islamorada. And, each has something unique and fun to offer visitors. So, when you go to Islamorada, take some time to smell the proverbial roses and enjoy these wonderful natural beauties.
  2. Explore your heart’s content. Islamorada is not only home to some great parks, but it’s also home to shipwrecks and mangroves. You’ll find these intriguing to say the least. There are also a number of trails to explore in and around Islamorada.
  3. Be entertained. See a dolphin show or take in a live show. Visit the Theater of the Sea to enjoy the antics of dolphins and sea lions. This is also a historic location, being the second oldest marine mammal facility on the entire globe.
  4. Go back in time. Florida Keys History of Diving Museum and the Florida Keys History and Discovery Center are great places to time travel. You’ll learn much about the history of the Florida Keys and diving while having fun all the while.
  5. Picnic, sunbathe and stroll about. Anne’s Beach and Islamorada Library Beach are great places to soak in the sun, stroll down a boardwalk, and have a bite to eat. Take a quick dip while you’re there and enjoy the wonderful water

Why A Condo can be a Great Choice For Retirees

A condo is a good living option for retired people who still want an active lifestyle. While a retiree can live in an apartment complex he or she desires, certain buildings attract certain demographics. For example, young people tend to flock to condos in the middle of the city. Those who want to mix with other retirees should select a condo retirement community.

It is important to be aware that these communities are not assisted living homes. The people who live in retirement condos tend to be older adults who are capable of looking after themselves. As these people are still active, they want to keep busy with activities and social events.

There is a wide variety of low-rise and high-rise condos available to retirees. Most retired people take the purchase or rental of a new property as an opportunity to downsize. There is no point in taking care of a large family home when retirees do not need that much space.

There are many benefits that come with living in a retirement condo. Some of these are listed below.

- Retirees will have more time for activities as they will no longer have to deal with maintenance issues.

- Residents will get to know their neighbors and become close friends.

- The building will organize activities, outings, and social events for residents. This is a great way to get to know other residents.

- Most retirement condos have excellent facilities such as a tennis court, swimming pool, and gym.

Another core benefit of condo living is increased security. Many apartments will have keypad access. This means that strangers will not be able to get into the building.

The average condo has very low crime rates. This is due to their outstanding security features and the fact that residents keep an eye out for unusual behavior.

New buyers and renters should ensure that they know exactly what they are getting into when they sign a condo contract. The best way to do this is to research properties and keep an eye out for the following issues.

- The condition of the building and the apartment.
- Homeowners association fees.
- Budget reserves.
- The quality and frequency of condo activities.

Overall, living in a retirement condo can be a lot of fun. The last thing active seniors want to do is sit in an apartment all alone. Retirement condos prevent this from happening by planning numerous social activities for residents. As the building is taken care of by the homeowners association, residents can spend their time participating in activities or using the condo's facilities. Most residents find that condo life improves both their mood and their health.

Tips And Tricks About Real Estate Investing

Real estate is a great and stable way to invest money. There are many different factors to consider when investing in the real estate market. The following information is going to help you navigate your way through the real estate investments.

Do your research before real estate investment. Look at between 50 and 100 properties in a location you desire, and keep a spreadsheet full of notes. You need to be looking at how much you'll make in rent, rental potential, and desirability of location. This will allow you to weed out great deals instead of ones that are bad.

Dedicate some of the time to learning about and making real estate investments. You must budget your time wisely if you want to make more money over the long haul. Ditch the poker night or another guilty pleasure so you go to in order to become a better investor.

The location is of real estate investing. Property conditions and other factors are usually subject to change. Properties that are located in rapidly depreciating locales will almost always result in a bad investment. Know what you are doing and make sure to research the area where you're buying property.

Get to know other people who invest in real estate. It's important to reach out to others and get advice from those more experienced than you. It pays to have contacts who know a lot about real estate investor friends. You can find plenty of investors online. Join a few forums and make an effort to meet some of the users.

Be sure to choose regions that have good reputations and were lots of people to want to live. This is important because it could give you the most amount of resale when you make your purchase. Try looking for properties that can easily be maintained.

Stay away from purchasing real estate in areas that are deemed unsavory. Know the location of your prospective property before you buy it. Do your homework in advance. A good deal on a nice house may mean it is in a bad place. It can be hard to sell and this type of home could be vandalized easily.

This will minimize risk since you'll already have a good feeling for the neighborhood already. You don't have to worry about what's happening in the neighborhood as much since you'll be close to it. You will have better control of this investment if you live nearby.

Investing is an excellent way to make good use of your money. Real estate values tend to rise throughout the years. The information located above will help you be successful.

Staging Ideas For Getting Your Home Sold

Sometimes people place their homes on the market and they are baffled when it seems like no one is interested. While you may have a great home, there are several things that may make it seem less than wonderful. The article below will give you several ideas on how to make small adjustments that will greater your chances of making a sale.

Remove any and all clutter from your home. This may be hard if you have lived somewhere a long time and you have a ton of stuff, but it is necessary. There are two huge things that happen when people see clutter. Either they assume you are as messy when it comes to the care of the home or they think space is smaller because they cannot see it so well.

Make sure that the entrance to your home is very inviting. Most people can walk into a home and know if it is a place they can imagine themselves living in. Adding a small table with a vase of flowers can go a long way. It can make a plain house seem like a much more inviting space.

If you have very old carpeting, you should get rid of it. While laying new carpet in a house you plan on selling may sound like no fun, it will give people a better impression of it. If you don't want to do that, consider pulling up the carpet and getting the floor underneath in decent shape.

Never have a closet crammed with your things if you want to sell your home. Storage space is a big seller, so you want to show it off as much as you can. Buy several organizers if you need a way to keep things in order. If things are still packed tightly, you should consider putting some of your items in storage.

You should try to make your home look as large as possible, so have any large furniture pieces removed before you show off your home. Many people have a hard time trying to envision their furniture in a space. You want them to see more empty areas than space taken over by your large furniture.

In conclusion, you must do everything you can to make your home more appealing to buyers. Keep in mind that your house is not the only option, but it can be the best one. For help selling Islamorada Real Estate please contact me.

Advantages of Owning a Second Vacation Home

Owning a second vacation home is the dream of millions of Americans. Not only does it encapsulate the idea of being able to escape on a whim, but it’s also a sound and great investment vehicle. Now, those are two compelling reasons to purchase another property.

What to Consider When Purchasing a Second Vacation Home

Okay, so you want to buy another property to escape to periodically. And you probably have a good idea of which type of property you want, the size, and the amenities. You’ve scoped out a few different locations and you’re ready to get serious.

But you don’t want to make the mistake of purchasing a property that’s going to fall short of its expectations. So, here’s a couple of things you ought to consider:

Think like a tourist. When you purchase a vacation property, think about location in more ways than one. Nearby the beach is good, but so is nearby shopping, dining, and entertainment, especially if you’re going to rent your home.

Research the area thoroughly. Home values are climbing once again. But the crash wreaked havoc on some communities and they’ve undergone a change which makes them less attractive.

Benefits of Buying a Second Vacation Home

Once you’ve honed in on a particular property, jitters might set in. But here’s what you should remember, there are several advantages which await:

• Long-term cash flow. Rental income can be a substantial, and long-term benefit of owning a second vacation home. It can help you to amortize the mortgage and keep the home clean and in livable condition.

• Tax benefits. The interest you pay on your mortgage, maintenance and upkeep, home insurance, utilities, property taxes, depreciation, necessary supplies, and miscellaneous expenses can all be deducted come tax time.

• Familiarity. When you own a second vacation home, you’re returning homecoming, and going. Knowing the area and the characteristics of the residence are a great comfort.

• Retirement. Owning a vacation property also gives you a kind of head start on retirement. It’s also a place where you can retreat to when winter comes to your primary residence.

• Memory making. Having a place to gather with family and friends where you can make all kinds of fond memories and forge a long-lasting bond.

When you own a second vacation home, you’re making an investment in your health, financially, physically, and mentally. A vacation home not only can bring in additional income and has to tax benefits, but it can also be the source of immeasurable relaxation, the place to make lifelong memories, and an inspiration for the future.


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